Tamboran Resources Corporation
TBNTamboran Resources Corporation (TBN) is an Australian-based energy company focused on the exploration and development of natural gas resources, particularly in the Beetaloo Basin in Northern Australia. The company is involved in unconventional shale gas projects, aiming to unlock existing reserves for domestic use and export.
Company News
Falcon Oil & Gas shareholders approved the sale of its 98.1% interest in Falcon Oil & Gas Australia Limited to Tamboran Resources Corporation on December 30, 2025. The transaction is part of a broader deal for Tamboran to acquire all Falcon subsidiaries, with completion expected in Q1 2026, subject to remaining regulatory and shareholder approvals.
Piper Sandler has given Tamboran Resources an Overweight rating and a $41 price target, citing the company's significant natural gas resource potential in the Beetaloo Basin in Australia. The firm believes Tamboran is well-positioned to translate its resource base into value.
