Tamboran, Falcon Merge To Form Around 2.9 Mln Acre Beetaloo Basin, TBN Pre-Market Stock Up
Tamboran Resources Corp. (TBN,TBN.AX) and Falcon Oil & Gas Ltd. (FO.V) announced on Tuesday that they have signed a deal to create around 2.9 million net prospective acre Beetaloo Basin across the majority of the Beetaloo depocenter.The combination of Tamboran and Falcon is a consolidation of two Beetaloo Basin businesses that will form a company with a pro forma market capitalization of over $500 million.Under the terms, Tamboran will acquire Falcon in exchange for 6.537 million shares of TBN and cash of ...