Tamboran Completes Acquisition of Subsidiaries of Falcon Oil & Gas Ltd.

Tamboran Resources has completed its acquisition of Falcon Oil & Gas subsidiaries, securing final court approval from the Supreme Court of British Columbia. The transaction grants Tamboran approximately 2.8 million net prospective acres, establishing it as the largest acreage holder in the Beetaloo Basin depocenter. Tamboran issued 6.54 million shares to Falcon shareholders, bringing total outstanding shares to ~34.9 million and a pro forma market cap of $1.2 billion.

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