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Tamboran to Acquire Falcon Oil & Gas Ltd. to Create ~2.9-million-acre Beetaloo Basin Leader

1. Tamboran's acquisition strengthens its position in the Beetaloo Basin. 2. Transaction consolidates two active companies, enhancing TBN's acreage.

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FAQ

Why Bullish?

Strengthening acreage positions often lead to increased market confidence, similar to previous consolidations in the oil and gas sector.

How important is it?

The consolidation in the Beetaloo Basin can enhance operational efficiency and future revenue, increasing TBN's stock attractiveness.

Why Short Term?

Immediate positive sentiment is expected as market reacts to news of consolidation.

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FALDWE
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) Tamboran Resources Corporation Chairman and Interim CEO, Richard Stoneburner, said: “The transaction between Tamboran and Falcon is a logical consolidation of two of the Beetaloo Basin's most active companies. The transaction will also strengthen Tamboran's acreage position across the majority of the Beetaloo depocenter following the checkerboarding process with DWE. “Tamboran will have approximately 2.9 million net.

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