Falcon Oil & Gas Ltd. has announced the cancellation of its admission to trading on AIM, marking the conclusion of its merger with Tamboran Resources Corporation. The transaction, which requires shareholder approval at a scheduled meeting on March 11, 2026, is expected to close on March 16, 2026, with AIM trading suspension taking effect the following day.
Under the terms of the merger agreement, Tamboran will issue 6.5 million shares and $23.7 million in cash as consideration to Falcon Oil & Gas. In exchange, Falcon shareholders will receive Tamboran shares, effectively transferring their equity interests to the acquiring entity. The cash and share consideration totaling approximately $23.7 million reflects the valuation agreed upon by both parties in the transaction structure.
The merger represents a significant corporate restructuring for Falcon Oil & Gas, transitioning the company from a publicly traded AIM-listed entity to a private shareholder of Tamboran Resources. Shareholders will have the opportunity to vote on the transaction at the March meeting, with the timeline allowing for a orderly transition and delisting process in mid-March 2026.