Tamboran Resources Corporation (TBN)
Tamboran 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
Tamboran Resources Corporation will acquire Falcon Oil & Gas Ltd. for 6,537,503 shares and $23.7 million, creating a ~2.9-million-acre business in the Beetaloo Basin. The transaction values Falcon at C$239 million and is expected to close in Q1 2026.
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.