secwatch.observer — SEC 8-K summary
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Issuer:     Tamboran Resources Corp (TBN)
CIK:        0001997652
Form:       8-K
Filed at:   2026-09-25T10:06:14+00:00
Accession:  0001628280-26-063490
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Tamboran reports first Beetaloo gas sales; 178-stage stimulation; SPCF US$9M under budget
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- First gas sales from Beetaloo Basin into NT network began early September 2026; NT Government nominating 25 TJ/d, ramping to contracted plateau 40 TJ/d.
- BJV completed largest Beetaloo stimulation: 178 stages across three ~10,000-ft laterals using Liberty Energy fleet; averaged 6.7 stages/day and hit record 12 stages in one day.
- SPCF construction completed August 2026 on time and ~US$9M below forecast; commissioning to finish in 4Q 2026; expansion to up to 100 TJ/d decision planned mid-2027.
- SS1-4H and SS1-6H reached TD with 9,329-ft and 9,505-ft laterals; SS1-2H drilling ongoing; JS-1H in EP 161 spudded early September 2026, ~5,600 ft MD.
- Acquired Falcon Oil & Gas in May 2026 via subsidiaries after BC court approval; issued 6,537,503 shares; cash US$225M, net drawn debt US$30M, undrawn debt US$31M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997652/000162828026063490/0001628280-26-063490-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997652/000162828026063490/trc-20260925.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-063490

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