Tamboran to Acquire Falcon Oil & Gas Ltd. to Create ~2.9-million-acre Beetaloo Basin Leader
Tamboran Resources Corporation Common stock (TBN)
Company Research
Source: Business Wire
HighlightsTamboran Resources and Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) (Falcon) have entered into a definitive agreement to create a ~2.9 million net prospective acre Beetaloo Basin leader across the majority of the Beetaloo depocenter.The combination of Tamboran and Falcon is a logical consolidation of two leading Beetaloo Basin businesses and creates a company with a pro forma market capitalization of US$500 million.Under the transaction, Tamboran will acquire Falcon via the acquisition of all its subsidiaries in exchange for 6,537,503 shares of Tamboran NYSE Common Stock and a cash consideration of US$23.7 million.On completion, Falcon will distribute Tamboran shares to eligible shareholders of Falcon at an exchange ratio of 0.00687 shares of Tamboran NYSE Common Stock for each Falcon Common Stock. Falcon shareholders will own ~26.8% of the pro forma business. Tamboran stockholders will own the remaining 73.2%.The transaction values Falcon’s subsidiaries at C$239 million (US$1
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News
- Tamboran Resources (NYSE:TBN) was upgraded by analysts at Wells Fargo & Company to a "strong-buy" rating.MarketBeat
- Tamboran Resources (NYSE:TBN) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating on the stock.MarketBeat
- Tamboran Schedules 1Q FY26 Earnings Release and WebcastBusiness Wire
- Tamboran Raises US$56.1 Million via Public Offering, Enters Into PIPE With Proceeds of up to US$29.3 Million, and Intends to Launch CDI Share Purchase Plan With Target Proceeds of up to US$30 MillionBusiness Wire
- Tamboran Resources (NYSE:TBN) had its price target raised by analysts at Royal Bank Of Canada from $30.00 to $38.00. They now have a "sector perform" rating on the stock.MarketBeat
TBN
Earnings
- 11/13/25 - Miss
TBN
Sec Filings
- 11/25/25 - Form 4
- 11/25/25 - Form 8-K
- 11/24/25 - Form DEF
- TBN's page on the SEC website