Tamboran Completes Acquisition of Falcon Subsidiaries to Strengthen Beetaloo Basin Position
Tamboran Resources has completed the acquisition of Falcon Oil & Gas Ltd's subsidiaries, gaining 2.8 million net prospective acres in Australia’s Beetaloo Basin and becoming its largest acreage holder. The deal involved issuing over six million shares to eligible shareholders, increasing Tamboran's market capitalization to approximately US$1.2 billion.
Topics: acquisition Beetaloo Basin gas development