Core Insights - The article discusses the upcoming financial results of a major company, highlighting expectations for revenue growth and profitability improvements in the upcoming quarter [1] Group 1: Financial Performance - Analysts anticipate a revenue increase of 15% year-over-year, projecting total revenues to reach approximately $5 billion [1] - The company is expected to report an operating margin improvement, with estimates suggesting an increase from 20% to 25% [1] Group 2: Market Trends - The article notes a growing trend in consumer demand for sustainable products, which is expected to positively impact the company's sales [1] - There is an increasing competitive landscape, with new entrants in the market focusing on innovative technologies [1] Group 3: Strategic Initiatives - The company is investing heavily in research and development, with a budget allocation of $500 million aimed at enhancing product offerings [1] - Partnerships with key industry players are being formed to leverage synergies and expand market reach [1]

Core Viewpoint - Falcon Oil & Gas Ltd. has received shareholder approval for the sale of its 98.1% interest in Falcon Oil & Gas Australia Limited to Tamboran Resources Corporation, marking a significant step in a broader transaction that is still subject to regulatory and shareholder approvals [3][5]. Group 1: Transaction Details - The sale involves Falcon's 98.1% interest in Falcon Australia, with Tamboran group also planning to acquire all subsidiary companies of Falcon, pending necessary approvals [3][4]. - Tamboran group will have the option to compulsorily acquire the remaining shares in Falcon Australia held by minority shareholders at a price no less than what is being paid to Falcon [4]. Group 2: Management Commentary - Philip O'Quigley, CEO of Falcon, stated that the approval from Falcon Australia shareholders removes a key condition for the broader transaction, which is expected to close in the first quarter of the year [5]. Group 3: Company Background - Falcon Oil & Gas Ltd. is an international oil and gas company focused on the exploration and development of unconventional oil and gas assets, with operations in Australia, South Africa, and Hungary [8].

Core Insights - Falcon Oil & Gas Ltd has successfully completed the stimulation program for the Shenandoah South SS2-1H well, marking a significant milestone for the joint venture partners [2][4] - The company anticipates a busy 2026 with three additional wells planned for stimulation in the first half of the year and gas sales expected to commence shortly thereafter [4] Stimulation Program Details - The SS2-1H well stimulation involved 58 stages across a horizontal section of approximately 3,050 meters, with an average proppant intensity of 2,206 pounds per foot [7] - Wellhead injection rates consistently exceeded 100 barrels per minute, utilizing modern stimulation equipment from Liberty Energy [7] - Adjustments in the stimulation design increased stage spacing from approximately 50 meters to 60 meters, which is expected to reduce costs in future programs [7] Production Expectations - Following the completion of the well with tubing, a 30-day soaking period will precede a 30-day flow test, with initial production rates expected in the first quarter of 2026 [7] - In the first half of 2026, three wells, including the second well from the 2024 drilling campaign, are expected to be stimulated ahead of gas sales [7] Joint Venture Structure - Falcon Oil & Gas Australia Limited holds a 22.5% interest in the Beetaloo joint venture, while Tamboran (B2) Pty Limited holds 77.5% [10] - In the Shenandoah South Pilot Project, Falcon's interest is reduced to 5.0%, with Tamboran holding 95.0% [11] Future Developments - The definitive agreement between Falcon and Tamboran Resources Corporation is progressing and is expected to close in the first quarter of 2026 [4] - All wells in the Shenandoah South Pilot Project are projected to deliver the contracted volume of 40 million cubic feet per day under the Gas Sales Agreement with the Northern Territory Government, subject to weather conditions and final approvals [7]

Core Viewpoint - Tamboran Resources Corporation (NYSE:TBN) has shown significant stock price appreciation and positive analyst coverage, indicating strong potential for growth in the natural gas sector in Australia [1][2]. Group 1: Stock Performance - The share price of Tamboran Resources surged by 9.96% between November 28 and December 5, 2025, ranking it among the top-performing energy stocks for that week [1]. - Wells Fargo initiated coverage of Tamboran Resources with an 'Overweight' rating and a price target of $35, suggesting an upside potential of nearly 34% [2]. Group 2: Development Strategy - The company's outlook is supported by a three-phase development plan aimed at enhancing local energy security in the Northern Territory, addressing gas market shortfalls on Australia's East Coast, and facilitating energy transition through LNG exports to Asia Pacific partners [3]. - Tamboran Resources is positioned as an international shale gas exploration and production company, actively operating in the Beetaloo Basin, controlling 2.9 million net acres [4].

Core Insights - California Resources has established a strong position in California's independent exploration and production sector, holding significant mineral rights and a diverse portfolio of oil and gas plays, with 81% of its proved reserves located in the San Joaquin Basin [1][6] - Wells Fargo analysts have initiated an Overweight rating on California Resources and Tamboran Resources, highlighting their unique asset mixes and upcoming catalysts for 2026 [3][14] - The energy sector is experiencing a complex evolution driven by decarbonization efforts and local economic factors, impacting investment strategies [5] California Resources - The company produced 137,000 barrels of oil equivalent per day in the second and third quarters of the year, with crude oil making up approximately 78% of this total [6] - California Resources reported a revenue of $855 million in 3Q25, down over 36% year-over-year, but beat earnings expectations with a non-GAAP EPS of $1.46, up from $1.10 in 2Q25 [8] - The company is involved in carbon capture and storage through its Carbon TerraVault project, partnering with Brookfield Renewable to develop CCS opportunities [7][10] - Analyst Margolin believes CRC shares are trading at their PDP value, with potential for significant upside, setting a price target of $58, indicating a 21.5% increase [10] Tamboran Resources - Tamboran operates in the unconventional natural gas sector in Australia's Northern Territory, with a focus on tapping into the Beetaloo/MacArthur basin [11][12] - The company has not yet begun commercial production and is currently operating at a loss, raising $56.1 million through a public offering and planning additional fundraising [13] - Analyst Margolin highlights the potential for high output and earnings from Tamboran's assets, with a price target of $35 suggesting a 36% upside [14]

Financial Data and Key Metrics Changes - Tamboran Resources reported a cash balance of $39.6 million at the end of the quarter and expects near-term cash inflows of $100 million from various transactions [4][12][20] - The company raised $56.1 million from a public offer and plans to raise an additional $32 million through a PIPE transaction, bringing total funding to approximately $127.6 million [3][19][20] Business Line Data and Key Metrics Changes - The first batch drilling campaign in the Beetaloo Basin was completed with three wells drilled and cemented, achieving an average SPUD to TD duration of 26.7 days [2][7] - The Shenandoah South Pilot Project has been sanctioned, targeting gas delivery to the Northern Territory Government from mid-2026 [4][5] Market Data and Key Metrics Changes - The construction of the Sturt Plateau Compression Facility (SPCF) is 68% complete and tracking on budget and schedule, with first gas expected in mid-2026 [2][10] - The APA-operated Sturt Plateau Pipeline construction is also on schedule and within budget [10][11] Company Strategy and Development Direction - The acquisition of Falcon Oil and Gas is expected to strengthen Tamboran's acreage position in the Beetaloo Basin, increasing its total acreage to 2.9 million net acres [3][12] - The company plans to expand its gas delivery capacity from 40 terajoules per day to potentially 100 terajoules per day in the future [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational progress and the potential for increased gas production, citing a robust demand for gas in the local market and the East Coast of Australia [77][78] - The company is focused on addressing local energy shortfalls before considering LNG exports [78] Other Important Information - The company has secured a financing facility of up to $118 million for the SPCF construction, supported by a government guarantee [6][10] - Baker Hughes has invested $10 million in Tamboran and will provide oilfield services and equipment to optimize operations [4][13] Q&A Session Summary Question: Status of capital spend for the pilot project - Management confirmed a total of $127.6 million in funding, with $95 million remaining for the pilot project and $33 million required for the SPCF [19][20][21] Question: Details on the stimulation process of the SS6H well - The company experienced a coil tubing issue with the SS4H well but quickly moved to stimulate the SS6H well instead, with no expected delays [22][24][26] Question: Completion design and proppant intensity - Management discussed the adjustments in proppant intensity for the SS6H well, aiming for a balance between performance and cost [30][32][36] Question: Farm-out process and interest from companies - Management indicated strong interest from various companies in the farm-out process, highlighting the quality of participants and their operational experience [44][74] Question: Update on the gas market in Australia - Management noted a robust demand for gas in the local market and the East Coast, with a domestic shortfall approaching a BCF a day in the next few years [76][78]

NYSE: TBN, ASX: TBN 1Q FY26 Result Presentation Mr. Dick Stoneburner – Chairman & Interim CEO North America: November 13, 2025 | Australia: November 14, 2025 Disclaimer Forward looking statements may include statements about, among other things: our business strategy and the successful implementation of our business strategy; our future reserves; our financial strategy, liquidity and capital required for our development programs; estimated natural gas prices; our dividend policy; the timing and amount of fu ...

Financial Performance - For the three months ended September 30, 2025, the company reported a net loss of $9.1 million, compared to a net loss of $6.8 million for the same period in 2024[169]. - The company did not generate any revenue or other operating income during the three months ended September 30, 2025 and 2024[170]. - Total operating costs and expenses increased to $8.2 million for the three months ended September 30, 2025, up from $7.0 million in the same period of 2024[169]. - Net cash used in operating activities was $13.8 million for the three months ended September 30, 2025, compared to $4.2 million for the same period in 2024[197]. - Interest income, net decreased by $1.1 million during the three months ended September 30, 2025, primarily due to lower cash balances and interest rates[177]. Cash Flow and Investments - Net cash used in investing activities was $28.4 million for the three months ended September 30, 2025, compared to $14.5 million in the same period of 2024[198]. - As of September 30, 2025, the company had $39.6 million in cash and cash equivalents, an increase of $0.1 million from June 30, 2025[185]. - Net cash received in financing activities for Q3 2025 was $37.9 million, up from $16.7 million in Q3 2024, primarily due to common stock issuance proceeds of $11.0 million compared to $7.4 million in the previous year[199]. - Contributions from noncontrolling interest holders amounted to $29.0 million to fund their share of cash calls, with an additional $1.9 million in advance contributions received[199]. - Common stock issuance transaction costs were $0.6 million, with repayments of finance lease liabilities totaling $3.1 million and $0.3 million related to performance bond facility establishment fees[199]. Development Plans and Commitments - The company expects to incur approximately $43.4 million in expenses to progress its development plans for the remainder of the fiscal year ending June 30, 2026[183]. - The company has capital commitments of $75.8 million related to the Beetaloo Joint Venture, which includes drilling and multi-stage hydraulic fracturing of four wells[191]. Foreign Currency and Gains - The company recognized a foreign currency translation gain of $1.7 million for the three months ended September 30, 2025, compared to a gain of $12.1 million in the same period of 2024[178].

Financial Results - Tamboran Resources Corporation announced its financial and operating results for the quarter ended September 30, 2025[3] - The earnings presentation and press release were issued on November 13, 2025, detailing the company's performance[3] Company Classification - The company is classified as an emerging growth company under the Securities Act of 1933[2]

Core Points - Tamboran Resources Corporation plans to release its first quarter earnings and operational update on November 13, 2025, after NYSE market closes [1] - The update will be hosted by Chairman and Interim CEO Mr. Dick Stoneburner via a webcast starting at 5:00pm EST [1] - The webcast will include a short Q&A session with analysts following the operational update [1]