Falcon Oil & Gas, the Dublin-headquartered explorer focused on unconventional oil and gas assets in Australia, said the definitive agreement with Tamboran Resources Corporation is progressing and is expected to close in the second quarter of 2026.
Cash and cash equivalents stood at $1.3 million at 31 December 2025, down from $6.8 million at 31 December 2024, and the company said it will continue strict cost management and efficient operation of the portfolio.
The company confirmed the definitive agreement remains on track to complete in the second quarter of 2026.
