Tamboran Competes Acquisition of Falcon Oil & Gas Limited
Open PDF
| Stock | Tamboran Resources Corporation (TBN.ASX) |
|---|---|
| Release Time | 29 May 2026, 9:07 a.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
Tamboran Completes Acquisition of Falcon Oil & Gas Limited
Key Points
- Tamboran has completed the acquisition of Falcon Oil & Gas Ltd.
- Acquisition results in Tamboran holding 2.8 million net prospective acres
- Issued 6,537,503 shares to Falcon shareholders
- Pro forma market capitalization of approximately US$1.2 billion
Full Summary
Tamboran Resources Corporation has successfully completed the acquisition of Falcon Oil & Gas Limited, gaining a substantial acreage position in the Beetaloo Basin. The acquisition was finalized following court approval and involves Tamboran issuing 6,537,503 shares to Falcon shareholders, resulting in a pro forma market capitalization of approximately US$1.2 billion. This strategic move positions Tamboran as the largest acreage holder in the Beetaloo Basin depocenter, enhancing its exploration and production capabilities.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In