IN BRIEF: Falcon Oil loss widens as buyout by Tamboran progresses

Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas explorer - Remains non-revenue generating for the first quarter of 2026, unchanged from the prior year. Loss widens to USD1.3 million from USD497,000. General & administrative expenses increase % to USD981,000 from USD491,000. Falcon notes that its definitive agreement with Tamboran Resources Corp is progressing, and expects the buyout to close in the second quarter. Highlights its ongoing focus "on strict cost management and efficient operation of the portfolio."

Current stock price: 18.00 pence, up 2.9% in London on Wednesday afternoon

12-month change: more than tripled from 5.30p

By Emma Curzon, Alliance News reporter

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