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Falcon Oil & Gas Australia Limited approve sale to Tamboran Resources Corporation

06 Jan 2026 7:47 AM | Anonymous

Highlights

  • Falcon Oil & Gas Australia Limited (FOGA) has secured a key approval from its shareholders for the sale by Falcon Oil & Gas Ltd. (Falcon) of Falcon’s 98.1% interest in FOGA to Tamboran Resources Corporation (Tamboran).
  • The acquisition of Falcon’s 98.1% interest in FOGA will provide Tamboran with the option of compulsorily acquiring the 1.9% interest in FOGA held by minority shareholders. 
  • The acquisition forms part of a broader transaction announced on September 30, 2025, whereby Tamboran will acquire all the subsidiaries of Falcon, subject to certain shareholder and regulatory approvals. 
  • Following closing of the broader transaction, Tamboran intends to proceed with the compulsory acquisition of the 1.9% interest in FOGA at a price per share no less than the price being paid to Falcon as part of the broader transaction. 
  • Shareholder votes from Tamboran and Falcon to approve the broader transaction are expected to be held in February 2026. The broader transaction is expected to be complete by the end of February 2026 following Falcon obtaining a final court order in British Columbia, Canada.

Source: Tamboran Resources Corporation 

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