Tamboran completes acquisition of Falcon Oil & Gas subsidiaries

Tamboran Resources completed its acquisition of Falcon Oil & Gas Ltd subsidiaries, gaining ~2.8 million net prospective acres in the Beetaloo Basin and issuing 6.5 million shares to Falcon shareholders. The transaction creates the largest acreage position in the Beetaloo Basin depocenter with pro forma market cap of ~US$1.2 billion and positions the combined company for active 2026 operations including drilling and stimulation programs.