Tamboran Resources Stock Soars 11% Pre-Market – Find Out More On Falcon Oil & Gas Acquisition

Tamboran Resources Corp. (TBN) is set to acquire Falcon Oil & Gas through a deal that consolidates nearly 2.9 million net prospective acres in Australia’s Beetaloo Basin. 

The transaction, which has received unanimous backing from both boards, will see Tamboran take over Falcon’s subsidiaries in exchange for cash and stock.

Under the terms, Falcon shareholders will receive approximately 6.5 million shares of Tamboran NYSE common stock and a cash component of $23.7 million. This values Falcon’s assets at around C$239 million ($172 million), offering a 19.7% premium over Falcon’s closing price on the TSX (Toronto Stock Exchange) on September 29. 

Tamboran Resources' stock traded over 11% higher in Tuesday’s premarket. On Stocktwits, retail sentiment around the stock jumped to ‘extremely bullish’ from ‘neutral’ territory the previous day. Message volume improved to ‘extremely high’ from ‘high’ levels in 24 hours. 

The transaction is expected to close in the first quarter of 2026. Once completed, Falcon shareholders will hold roughly 26.8% of the newly formed entity, with existing Tamboran investors retaining the remaining 73.2%. The acreage value implied by the deal stands at $169 per acre,  approximately 4% below Tamboran’s own current acreage valuation of $176 per acre, suggesting immediate accretion for Tamboran stakeholders.

Additionally, Tamboran and its partners in the Beetaloo Joint Venture (BJV) have formally greenlit the Shenandoah South Pilot Project, paving the way for initial gas production targeted for mid-2026.

The commitment to proceed follows the BJV's finalization of key agreements with APA Group and the SPCF Trust, as well as receipt of approvals from Native Title Holders.

Tamboran Resources' stock has gained over 7% in 2025 and over 11% in the last 12 months. 

Also See: QuantumScape Stock Surges Post Announcing A Strategic Partnership – Check Out The Details

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