Dublin-headquartered exploration business Falcon Oil & Gas is due to be acquired by an Australian counterpart in a deal that will value the company at C$239 million (€134 million). Falcon has been headed up by Philip O’Quigley since 2012, when he joined the business from Tony O’Reilly jnr’s Irish offshore exploration firm, Providence Resources. Under O’Quigley, Falcon has built out a portfolio that includes unexplored basins in Australia and South Africa, with further interests in Hungary. It counts sanctioned Russian billionaire Viktor Vekselberg and Bryan Sheffield, the son of the founder of American exploration giant Pioneer, among its largest shareholders.…

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