Falcon Oil & Gas Ltd. - Approval for the sale of Falcon’s 98.1% interest in Falcon Oil & Gas Australia Limited to Tamboran group.

Core Viewpoint - Falcon Oil & Gas Ltd. has received shareholder approval for the sale of its 98.1% interest in Falcon Oil & Gas Australia Limited to Tamboran Resources Corporation, marking a significant step in a broader transaction that is still pending regulatory and shareholder approvals [3][5]. Group 1: Transaction Details - The sale involves Falcon's 98.1% interest in Falcon Australia, with Tamboran group also planning to acquire all subsidiary companies of Falcon, contingent on various approvals [3]. - Tamboran group will have the option to compulsorily acquire the remaining shares in Falcon Australia held by minority shareholders at a price no less than what is being paid to Falcon for its interest [4]. Group 2: Management Commentary - Philip O'Quigley, CEO of Falcon, stated that the approval from Falcon Australia shareholders removes a key condition for the broader transaction, which is expected to close in the first quarter of the year [5].