{"id":127599,"title":"Falcon Oil & Gas to sell for £128m in cash-and-shares deal with Tamboran","publisher":"Share Talk","author":"sharetalk","published":"2025-09-30T11:52:34+00:00","modified":"2025-09-30T19:27:04+00:00","canonical_url":"https://www.share-talk.com/falcon-oil-gas-to-sell-for-128m-in-cash-and-shares-deal-with-tamboran/","markdown_url":"https://www.share-talk.com/falcon-oil-gas-to-sell-for-128m-in-cash-and-shares-deal-with-tamboran.md","json_url":"https://www.share-talk.com/falcon-oil-gas-to-sell-for-128m-in-cash-and-shares-deal-with-tamboran.json","category":"Energy","categories":["Energy"],"tags":["Anne Flynn","Australia","Beetaloo Sub-Basin","British Columbia","canada","Falcon Oil & Gas","Falcon Oil & Gas Ltd","FOG","frack stages","Liberty Energy","Mr. Viktor Vekselberg","natural gas","Northern Territory","Origin Energy","Philip O’Quigley","Share Talk","South Africa","Toronto"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/09/Rro-mkLq-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Falcon Oil & Gas Ltd (AIM: FOG, TSX-V: FO)](https://www.investegate.co.uk/announcement/gnw/falcon-oil-gas-ltd---fog/falcon-oil-gas-ltd-tamboran-to-acquire-f-/9139718) shares rose after the company agreed a £128 million (C$239 million) takeover by exploration partner Tamboran Resources Corporation (ASX: TBN, NYSE: TBN, OTC: TBNRL). The deal is mostly in shares, with an additional US$23.7 million in cash.\n\nThe transaction follows Falcon’s self-funding of its Beetaloo Basin interests in Australia since mid-2024, after its earlier farm-out “carry” was exhausted. It also comes ahead of new farm-out and financing processes to fund the next phase of development.\n\nUnder the agreement, Falcon shareholders will own about 28% of the enlarged group. Each Falcon share will be exchanged for 0.00687 Tamboran shares, with the package valued at a 19.7% premium to Falcon’s last closing price.\n\nChief executive Philip O’Quigley said the deal increases exposure to the Beetaloo pilot development and removes uncertainty over Falcon’s participation in the next farm-out process. Tamboran interim CEO Richard Stoneburner described the tie-up as a “logical consolidation” that strengthens its ownership of the Phase 2 Development Area, positioning the group to attract a new partner while retaining a material stake.\n\nIn London trading, Falcon shares climbed 7% to 10.51p, valuing the company at just over £100 million. The stock has gained around 136% so far in 2025."}