Tamboran to acquire Falcon Oil & Gas for $172m.

Tamboran, a natural gas company, agreed to acquire Falcon Oil & Gas, an oil and gas company, for $172m. "The transaction between Tamboran and Falcon is a logical consolidation of two of the Beetaloo Basin’s most active companies. The transaction will also strengthen Tamboran’s acreage position across the majority of the Beetaloo depocenter following the checkerboarding process with DWE," Richard Stoneburner, Tamboran Chairman and Interim CEO.