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
Law firm Monteverde & Associates is investigating the merger between Tamboran Resources Corporation and Falcon Oil & Gas Ltd, where Tamboran shareholders will own 73.2% of the combined company.
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.
