Core Viewpoint - Tamboran Resources Corporation is positioned as a promising investment opportunity following its agreement to acquire Falcon Oil & Gas for approximately $172 million, which is expected to close in Q1 2026 [1][3]. Group 1: Acquisition Details - The acquisition will involve Tamboran taking ownership of all Falcon subsidiaries, with the transaction consideration comprising 6.5 million shares of Tamboran's common stock and $23.7 million in cash [2]. - Upon completion of the deal, Falcon's investors will hold a 26.8% stake in the combined entity, while Tamboran shareholders will retain 73.2% [2]. Group 2: Strategic Implications - This acquisition will significantly expand Tamboran's presence in the Beetaloo sub-basin, making it one of the largest acreage holders in the region with approximately 2.9 million net prospective acres [3]. - The deal will also enhance Tamboran's working interest in the phase two development area to 80.62%, as the company seeks a new development partner through a farmout process with RBC Capital Markets [3]. Group 3: Company Overview - Tamboran Resources Corporation is a natural gas company focused on developing unconventional gas resources in the Northern Territory of Australia [4].
Tamboran Resources to Acquire Falcon Oil & Gas for ~$172M, Creates Major Beetaloo Basin Acreage Holder