06 October 2025
06 October 2025
These assets are said to contribute approximately $200m in EBITDA.
The transaction will see Tamboran take ownership of all Falcon subsidiaries in return for 6.5 million shares of its common stock and $23.7m (A$35.8m) in cash.
The move signals a resumption of exploration activity at the block after more than five years.
The agreements received approval from the Board of Directors of the NIOC.
This uptick is partly attributed to a policy review that identified 400 dormant oilfields.
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