secwatch.observer — SEC 8-K summary
======================================

Issuer:     Tamboran Resources Corp (TBN)
CIK:        0001997652
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001628280-25-052007
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997652/000162828025052007/0001628280-25-052007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997652/000162828025052007/trc-20251113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-052007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer