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Events / Business / Falcon Oil & Gas acquired by Tamboran
Business acquisition completion

Falcon Oil & Gas acquired by Tamboran

Analysis based on 6 articles · First reported May 28, 2026 · Last updated May 28, 2026

Sentiment
50
Attention
4
Articles
6
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The completion of the acquisition of Falcon Oil & Gas by Tamboran Resources Corporation is a significant event for both companies. Falcon Oil & Gas shareholders, excluding a sanctioned entity, will receive shares in Tamboran Resources Corporation, while the sanctioned shareholder will receive cash, impacting their respective valuations and market positions. The delisting of Falcon Oil & Gas from AIM and TSX Venture Exchange will remove it as a standalone trading entity.

Oil and Gas Financial Services
Event Summary

Falcon Oil & Gas Ltd. has announced the completion of the sale of all its subsidiaries to Tamboran Resources Corporation. This transaction, approved by the Canada — British Columbia, involved Falcon Oil & Gas shareholders receiving 0.00687 shares of Tamboran Resources Corporation common stock for each Falcon Oil & Gas share. A shareholder subject to sanctions will receive cash consideration of US$23.7 million or the fair value of their shares, remitted to a blocked account. Following the completion, Falcon Oil & Gas's existing directors and officers resigned, and Doug Bailey was appointed as the Sole Director & Chief Executive Officer. Falcon Oil & Gas shares will be suspended from trading on AIM and subsequently delisted from both AIM and the TSX Venture Exchange. DLM Advisory Ltd. became the sole shareholder of Falcon Oil & Gas.

Entities Involved
stock
Falcon Oil & Gas
Falcon Oil & Gas has completed the sale of all its subsidiaries to Tamboran Resources Corporation, leading to the cancellation of its shares and delisting from exchanges. Its existing directors and officers have resigned, and a new sole director and CEO has been appointed.
Importance 100.0 Sentiment 60.0
stock
Tamboran Resources
Tamboran Resources Corporation has completed the acquisition of all subsidiaries of Falcon Oil & Gas, issuing shares to Falcon shareholders and handling cash consideration for a sanctioned shareholder. This expands Tamboran's operations.
Importance 100.0 Sentiment 70.0
loc
Canada — British Columbia
The Canada — British Columbia granted the Final Order, approving the transaction between Falcon Oil & Gas and Tamboran Resources Corporation, including specific provisions for a sanctioned shareholder.
Importance 70.0 Sentiment 0.0
exch
AIM
Falcon Oil & Gas has requested the suspension of trading and cancellation of admission of its shares to trading on AIM following the completion of the transaction.
Importance 40.0 Sentiment 0.0
exch
TSX Venture Exchange
The Falcon Oil & Gas shares will be delisted from the TSX Venture Exchange in due course following the completion of the transaction.
Importance 40.0 Sentiment 0.0
stock
Computershare
Computershare Inc. acts as the depositary for Falcon Oil & Gas shareholders to receive their share consideration from Tamboran Resources Corporation.
Importance 30.0 Sentiment 0.0
priv
DLM Advisory
DLM Advisory Ltd. became the sole shareholder of Falcon Oil & Gas after the transaction, receiving one Falcon Share.
Importance 20.0 Sentiment 0.0
per
Doug Bailey
Doug Bailey has been appointed as the Sole Director & Chief Executive Officer of Falcon Oil & Gas following the completion of the transaction.
Importance 20.0 Sentiment 0.0
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