Core Viewpoint - Tamboran Resources Corporation is acquiring Falcon Oil and Gas to strengthen its position in the Beetaloo Basin, which is recognized as the largest scalable, drill-ready shale gas resource globally, covering approximately 5 million acres [1][8]. Company Overview - The merger will result in Tamboran holding 3 million net acres, providing a controlling interest across most of the Beetaloo Basin [2]. - The acquisition is expected to streamline capital expenditures and enhance operational efficiency, as Falcon would have struggled to meet the financial demands of developing the basin [2][6]. Industry Context - Tamboran plans to initiate gas supply to Darwin in the upcoming year, followed by deliveries to southeast Australian markets and eventually to the broader Asia-Pacific LNG market [3][10]. - The project has a long-term vision, with an estimated 44,000 drilling locations available under the combined acreage, positioning the company to significantly contribute to regional energy security [3][11]. - Production from the Beetaloo Basin could potentially reach up to 12 billion cubic feet per day by the mid-2030s, making it a key player in the energy market, comparable to the Marcellus Shale in the US [3][12]. Merger Details - Due diligence is currently being conducted across multiple jurisdictions, including the US, Australia, Canada, and the UK, with the merger expected to close in the first quarter of 2026 [4][13].