Tamboran Resources has successfully completed the acquisition of Falcon Oil & Gas, following final court approval in Canada.

Today’s development means Tamboran now holds approximately 2.8million net prospective acres, the largest acreage position in the Beetaloo Basin.

Tamboran Resources CEO Todd Abbott thanked both Falcon and Tamboran shareholders for their strong support and approval of the transaction, saying 'This acquisition represents a logical consolidation between the two companies.'

'Our focus now turns to the 2026 operating program, which is planned to be our most active year of operations in the Beetaloo Basin, including the drilling of at least four wells and stimulation of at least five.'

Tamboran has commenced the three well stimulation program on the SS2 well pad, with the wells expected to be tied into the Sturt Plateau Compression Facility during the third quarter of 2026.

First gas sales from the commissioning of the Pilot Project remain on track for 3Q 2026.

Original announcement link

Source: Tamboran Resources