Tamboran finalizes Falcon acquisition, expands Beetaloo basin position

Tamboran Resources Corp. expects this to be its most active year of operations in the Beetaloo Basin in Australia following completion of its $173-million ($239 million CAN) acquisition of Falcon Oil & Gas Ltd.

In 2025, Tamboran had agreed to a cash and stock deal that would see the company acquire Falcon through the buyout of its subsidiaries. Final approval from the Supreme Court of British Columbia was received in March.

The combined company holds “the largest acreage position in the Beetaloo Basin with approximately 2.8 million net prospective acres, which covers the majority of the Beetaloo depocenter,” said Tamboran Resources’ chief executive officer Todd Abbott in a release May 28.

As part of its 2026 operating program, the company plans to drill at least four wells and stimulate 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,” Abbott said.