---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-052007"
form_type: "8-K"
ticker: "TBN"
cik: "0001997652"
company_name: "Tamboran Resources Corp"
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:39:43.863879+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tamboran sanctions Shenandoah South Pilot, acquires Falcon Oil & Gas, raises US$56M

## Summary
- Shenandoah South Pilot Project sanctioned; first gas to NT market expected mid-2026; three 10,000-ft horizontal wells drilled ahead of schedule.
- Tamboran to acquire Falcon Oil & Gas for ~US$172M (C$239M) in shares and cash; Falcon shareholders to own ~26.8% of pro forma; expected close 1Q 2026.
- Completed US$56.1M public offering at $21.00/share; Baker Hughes invested US$10M as strategic partner; PIPE up to US$32.0M also announced.
- Cash balance US$39.6M at Sep 30, 2025; expected near-term inflows of ~US$100M; no debt.
- Dick Stoneburner appointed interim CEO; Scott Sheffield and Phillip Pace join board; Joel Riddle and John Bell Sr. depart.

## SEC filing metadata
- accession: 0001628280-25-052007
- form_type: 8-K
- ticker: TBN
- cik: 0001997652
- company_name: Tamboran Resources Corp
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1997652/000162828025052007/0001628280-25-052007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1997652/000162828025052007/trc-20251113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-052007
- JSON: https://secwatch.observer/filing/0001628280-25-052007.json
- Plain text: https://secwatch.observer/filing/0001628280-25-052007.txt

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