---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-043169"
form_type: "8-K"
ticker: "TBN"
cik: "0001997652"
company_name: "Tamboran Resources Corp"
filed_at: "2025-09-30T23:59:59+00:00"
generated_at: "2026-05-17T05:19:10.830391+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tamboran to acquire Falcon Oil & Gas for C$239M, creating ~2.9M-acre Beetaloo Basin leader

## Summary
- Tamboran issues 6.5M shares and pays US$23.7M for all Falcon subsidiaries; implied C$0.2154/share, a 19.7% premium to Falcon's last close.
- Pro forma market capitalization >US$500M; Falcon shareholders to own ~26.8% of combined company.
- Transaction strengthens Tamboran's working interest in Phase 2 Development Area to 80.62% ahead of planned farmout process.
- Deal adds ~2.9 million net prospective acres across the Beetaloo depocenter, including 22.5% non-operating interest in DWE checkers.
- Expected to close in Q1 2026, subject to Falcon shareholder and Tamboran stockholder approvals, court approval, and minority shareholder approval.

## SEC filing metadata
- accession: 0001628280-25-043169
- form_type: 8-K
- ticker: TBN
- cik: 0001997652
- company_name: Tamboran Resources Corp
- filed_at: 2025-09-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1997652/000162828025043169/0001628280-25-043169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1997652/000162828025043169/trc-20250930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-043169
- JSON: https://secwatch.observer/filing/0001628280-25-043169.json
- Plain text: https://secwatch.observer/filing/0001628280-25-043169.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.