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News  ›  GlobeNewswire Inc.

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

Falcon Oil & Gas shareholders approved the sale of its 98.1% interest in Falcon Oil & Gas Australia Limited to Tamboran Resources Corporation on December 30, 2025. The transaction is part of a broader deal for Tamboran to acquire all Falcon subsidiaries, with completion expected in Q1 2026, subject to remaining regulatory and shareholder approvals.

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Tamboran is expanding its portfolio by acquiring all Falcon subsidiaries, including valuable Australian assets. The shareholder approval removes a key condition precedent, allowing the transaction to progress toward Q1 2026 completion as planned.