Falcon Oil & Gas

Tamboran Resources has amended the transaction agreement with Falcon Gas & Öl and moved the original termination date from 30 March 2026 to 30 April 2026. The parties agreed to an automatic further extension to 30 June 2026 if certain conditions — including regulatory approvals and a revised OFAC licence — are not met by the end of April, while other closing conditions can be satisfied. All other terms of the agreement remain unchanged. » Altro su de.investing.com

The planned transaction between Falcon Gas & Öl and Tamboran is delayed because of a processing backlog at the Supreme Court of British Columbia; the court hearing was moved from Monday to Thursday. Shareholders had already approved the deal, but closing depends on court approval, admission of Tamboran shares to the NYSE and other conditions. Falcon expects to close shortly after the hearing, but warns of significant uncertainty and may terminate the agreement if the transaction is not completed by March 30, 2026. » Altro su de.investing.com

The shareholders of Tamboran Resources voted at an extraordinary general meeting to approve the issue of 6,537,503 common shares to Falcon Oil & Gas and of up to 147,508 shares to acquire the remaining 1.9% of the Falcon Australia minority interests. The resolutions were approved by a large majority; the meeting was quorate with 12,923,245 shares represented. The results were disclosed in a filing with the SEC. » Altro su de.investing.com