Tamboran to acquire Falcon Oil & Gas for C$239M, creating ~2.9M-acre Beetaloo Basin leader

Tamboran Resources Corp

Tamboran issues 6.5M shares and pays US$23.7M for all Falcon subsidiaries; implied C$0.2154/share, a 19.7% premium to Falcon's last close.
Pro forma market capitalization >US$500M; Falcon shareholders to own ~26.8% of combined company.
Transaction strengthens Tamboran's working interest in Phase 2 Development Area to 80.62% ahead of planned farmout process.
Deal adds ~2.9 million net prospective acres across the Beetaloo depocenter, including 22.5% non-operating interest in DWE checkers.
Expected to close in Q1 2026, subject to Falcon shareholder and Tamboran stockholder approvals, court approval, and minority shareholder approval.

item 1.01item 3.02item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.