Falcon Approves Sale of 98.1% Stake in Falcon Australia to Tamboran in Strategic Transaction

Falcon has received regulatory approval to divest 98.1% of its Australian subsidiary, Falcon Australia, to Tamboran, marking a pivotal shift in the company’s asset strategy. The deal underscores a broader realignment within the energy sector and is expected to influence market dynamics for both entities.

Falcon has secured formal approval to transfer 98.1% of its wholly owned subsidiary, Falcon Australia, to Tamboran, a move that signals a major strategic pivot for the parent company. The transaction, which involves the sale of a near-majority stake, reflects Falcon’s ongoing efforts to streamline operations and focus on core assets. The approval was granted by the relevant regulatory authority, enabling the completion of the transaction ahead of the upcoming fiscal quarter. The 98.1% ownership transfer implies that Falcon will retain a minimal residual stake in Falcon Australia, effectively exiting its direct operational role in the Australian energy segment. For Tamboran, the acquisition represents a substantial expansion of its footprint in the region, particularly in upstream exploration and production. The deal is valued at approximately AUD 145 million, based on publicly disclosed terms, and is expected to close within the next 60 days pending final documentation. This transaction adds to a wave of consolidation in the Australian energy sector, where smaller players are increasingly seeking scale through acquisitions. The sale could influence investor sentiment toward both FAL.AX and TAM.AX, with potential implications for valuation multiples and capital allocation strategies. Market participants are closely watching how this move affects Falcon’s ability to reinvest in other high-growth areas and how Tamboran leverages the enlarged asset base for future exploration and production initiatives.