Irish oil company Falcon has completed the buyout of Sweetpea’s stake in its Australian subsidiary.
The £14million deal, which sees Sweetpea take a 10.7% stake in Falcon in exchange for their previous 24.2% interest in Falcon Australia, had been approved by shareholders earlier this month.
The move now gives Falcon a 96.9% stake in the Australian subsidiary, which owns four exploration permits in the Beetaloo Basin of Australia’s Northern Territor
Recommended for you
