Falcon Oil & Gas Ltd. - Approval for the sale of Falcon's 98.1% interest in Falcon Oil & Gas Australia Limited to Tamboran group.

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Information

Falcon Oil & Gas Ltd. (“Falcon”) Approval for the sale of Falcon's 98.1% interest in Falcon Oil & Ga...

AI Summary

Tamboran Resources Corporation has received shareholder approval for the acquisition of a 98.1% stake in Falcon Oil & Gas Australia Limited. This sale is part of a larger transaction and will facilitate further steps, including a possible compulsory share acquisition from minority holders, subject to regulatory approvals expected for completion in the first quarter.

Trading Thesis

The acquisition enhances TBN's asset portfolio, potentially boosting investor confidence and stock valuation.

Market-Moving

Tamboran gains access to significant oil and gas assets in Australia.
Regulatory approvals crucial for successful completion of the acquisition.
Compulsory acquisition could lead to increased market share for Tamboran.
Shareholder confidence expected to rise following the approval announcement.
Market sentiment over TBN is likely to improve post-transaction.

Key Facts

Tamboran plans to acquire all of Falcon's subsidiary companies.
Minority shareholders will be offered a price matching Falcon's sale.
Falcon shareholders held a General Meeting on December 30, 2025.
Transaction is subject to regulatory and shareholder approvals.

Companies Mentioned

Falcon Oil & Gas Ltd. (FO): Selling interest to Tamboran could significantly affect its future asset value.
Tamboran Resources Corporation (TBN): Acquiring a substantial interest in Falcon Oil enhances TBN's market presence.

M&A

The recent approval for acquisition reflects a strategic move in the oil and gas sector, signaling growth potential for Tamboran amidst favorable market conditions. This is indicative of industry consolidation trends and investment growth in resource-rich areas.

FAQ

Why Bullish?

The acquisition strengthens TBN's asset base and could lead to future revenue increases, similar to past successful consolidations in the sector.

How important is it?

This acquisition is a significant move for TBN that could lead to increased market confidence and performance, affecting both short-term trading and long-term growth prospects.

Why Short Term?

The impact is expected quickly as regulatory approvals should materialize within the first quarter, thus affecting stock performance immediately.

Related Companies

FO OXY XOM

Falcon Oil & Gas Ltd. Secures Approval for Sale to Tamboran Group

January 5, 2026

Source: GlobeNewsWire

Overview of the Transaction

On January 5, 2026, Falcon Oil & Gas Ltd. ("Falcon") announced that its subsidiary, Falcon Oil & Gas Australia Limited, received shareholder approval for the sale of its 98.1% interest to Tamboran Resources Corporation (NYSE: TBN, ASX: TBN). This decision was confirmed during a General Meeting held in Brisbane, Australia on December 30, 2025.

Details of the Acquisition

The approved sale is part of a larger transaction, wherein Tamboran Group plans to acquire all subsidiary companies of Falcon, pending regulatory and shareholder approvals. Notably, shareholders of Falcon were barred from voting on these resolutions.

This acquisition not only secures Tamboran Group a significant stake but also includes the option to compulsorily acquire the remaining shares of Falcon Australia held by minority shareholders. Tamboran has committed to purchasing these shares at a price no less than that paid to Falcon for its interest.

Implications of the Sale

Philip O’Quigley, CEO of Falcon, expressed optimism regarding the future of this transaction, stating: “While the broader transaction is still subject to regulatory and shareholder approvals, this approval by Falcon Australia shareholders eliminates one of the key conditions precedent allowing Tamboran group to proceed with the broader transaction, which is still on track to close in the first quarter of this year.”

This strategic move is expected to streamline operations for both Falcon and Tamboran Group as they align their resources and enhance operational efficiencies.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas Ltd. is a prominent international oil and gas company, specializing in the exploration and development of unconventional oil and gas assets. The company’s current portfolio is focused primarily in Australia, South Africa, and Hungary. Incorporated in British Columbia, Canada, Falcon is headquartered in Dublin, Ireland.

Contact Information

Falcon Oil & Gas Ltd.
Phone: +353 1 676 8702
Philip O'Quigley, CEO: +353 87 814 7042
Anne Flynn, CFO: +353 1 676 9162
Cavendish Capital Markets Limited (NOMAD & Broker): Neil McDonald: +44 131 220 9771