Latham & Watkins Advises Tamboran in Acquisition of Falcon Oil & Gas Ltd. to Create ~2.9-million-acre Beetaloo Basin Leader

Tamboran Resources and Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) (Falcon) have entered into a definitive agreement to create a ~2.9 million net prospective acre Beetaloo Basin leader across the majority of the Beetaloo depocenter. The combination of Tamboran and Falcon is a logical consolidation of two leading Beetaloo Basin businesses and creates a company with a pro forma market capitalization of more than US$500 million. Under the transaction, Tamboran will acquire Falcon via the acquisition of all its subsidiaries in exchange for 6,537,503 shares of Tamboran NYSE Common Stock and a cash consideration of US$23.7 million.

Latham & Watkins LLP represented Tamboran in the transaction with a deal team led by Houston partners John Greer, David Miller, and Ryan Lynch, with associates Clayton Heery, Caitlyn Fiebrich, Armaan Bhimani, and Diego Guimaraes-Blandon. Advice was also provided on tax matters by Houston partners Tim Fenn and Jared Grimley, with associate Dominick Constantino; on sanctions matters by Washington, D.C. partners Les Carnegie and Andrew Galdes, with associate Christopher Rydberg and assistance from Stephen Keith; on ABAC matters by Washington, D.C. partner Joseph Bargnesi; on benefits and compensation matters by Boston partner Josh Friedman, and London partners Sarah Gadd and Kendall Burnett, with associates Tessa Young and Charlie Bowden; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Jacqueline Zhang; on antitrust matters by Washington, D.C. partners Jason Cruise and Peter Todaro, with associate Ethan Hoffman; on data privacy and cybersecurity matters by Austin/Houston partner Robert Brown, with associate Stuart Cobb; on intellectual property matters by Austin associates Andrew Abokhair and Saul Aguirre-Villarreal; and on FDI matters by Brussels partner Philipp Studt, with associate Agnes de Fortanier.