Tamboran completes acquisition of Falcon Oil & Gas

Tamboran Resources completed its acquisition of Falcon Oil & Gas, following final court approval from the Supreme Court of British Columbia.

The acquisition gives Tamboran approximately 2.8 million net prospective acres in Australia’s Beetaloo Basin, the largest acreage position in the basin. Tamboran’s working interest in the Phase 2 Development Area increases to 80.62%.

Tamboran said its 2026 operating program is planned to be its most active in the Beetaloo Basin, including the drilling of at least four wells and stimulation of at least five. The company has commenced a three-well stimulation program on the SS2 well pad, with the wells expected to be tied into the Sturt Plateau Compression Facility in Q3 2026.