Tamboran Strengthens Beetaloo Position Through Falcon Acquisition
Tamboran Resources Corporation (ASX: TBN) has successfully completed the purchase of Falcon Oil & Gas Ltd.’s subsidiary interests after securing court approval in British Columbia, reinforcing its strategic footprint across the Beetaloo Basin. The transaction significantly expands Tamboran’s footprint in the Beetaloo Basin, lifting its holding to approximately 2.8 million net prospective acres and establishing the company as the largest acreage holder in the basin’s depocenter.
As part of the deal, Tamboran issued 6,537,503 common shares to eligible Falcon shareholders, taking its total issued shares, including equivalent CDIs, to 34,856,412. Based on the NYSE closing price on May 27, 2026, the company’s pro forma market capitalisation stands at roughly US$1.2 billion.
Management stated that the acquisition supports Tamboran’s long-term development strategy and strengthens its operational scale ahead of an active 2026 drilling and stimulation program. The company has already commenced a three-well stimulation campaign on the SS2 pad, while first gas sales from the Pilot Project remain targeted for Q3 2026.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Tamboran Strengthens Beetaloo Position Through Falcon Acquisition
Tamboran Resources Corporation (ASX: TBN) has successfully completed the purchase of Falcon Oil & Gas Ltd.’s subsidiary interests after securing court approval in British Columbia, reinforcing its strategic footprint across the Beetaloo Basin. The transaction significantly expands Tamboran’s footprint in the Beetaloo Basin, lifting its holding to approximately 2.8 million net prospective acres and establishing the company as the largest acreage holder in the basin’s depocenter.
As part of the deal, Tamboran issued 6,537,503 common shares to eligible Falcon shareholders, taking its total issued shares, including equivalent CDIs, to 34,856,412. Based on the NYSE closing price on May 27, 2026, the company’s pro forma market capitalisation stands at roughly US$1.2 billion.
Management stated that the acquisition supports Tamboran’s long-term development strategy and strengthens its operational scale ahead of an active 2026 drilling and stimulation program. The company has already commenced a three-well stimulation campaign on the SS2 pad, while first gas sales from the Pilot Project remain targeted for Q3 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au