Falcon Oil & Gas Secures Shareholder Approval to Sell 98.1% of Falcon Australia to Tamboran
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
0mins
Should l Buy TBN?
Source: Yahoo Finance
- Shareholder Approval: Falcon Oil & Gas secured shareholder approval at a December 2025 meeting to sell its 98.1% stake in Falcon Australia, marking a crucial step for Tamboran Resources' acreage consolidation in the Beetaloo Basin.
- Transaction Value: The deal is valued at C$239 million (approximately $172 million), including 6.53 million shares on the NYSE and $23.7 million (A$35.53 million) in cash, reflecting the market's strong interest in the region's resources.
- Compulsory Acquisition Commitment: Following the acquisition of Falcon Australia, Tamboran Resources will have the right to compulsorily purchase remaining shares from minority shareholders at a price at least equal to what it paid to Falcon Oil & Gas, ensuring fairness in the transaction.
- Strategic Implications: Falcon Oil & Gas CEO noted that this shareholder approval removes a key condition precedent for the broader transaction, which is expected to close in the first quarter of this year, further solidifying Tamboran's market position in the Beetaloo Basin.
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Analyst Views on TBN
Wall Street analysts forecast TBN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TBN is 37.75 USD with a low forecast of 35.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 27.930
Low
35.00
Averages
37.75
High
41.00
Current: 27.930
Low
35.00
Averages
37.75
High
41.00
About TBN
Tamboran Resources Corporation is a natural gas company. The Company is focused on supporting the net-zero carbon dioxide (CO2) energy transition in Australia and Asia-Pacific through developing low CO2 unconventional gas resources in the Northern Territory of Australia. It operates approximately 1.9 million net prospective acres in the Beetaloo Sub-basin within the Greater McArthur Basin in the Northern Territory of Australia. The Company has also secured over 420 acres (170 hectares) of land at the Middle Arm Sustainable Development Precinct in Darwin, the location of Tamboran’s proposed Northern Territory LNG (NTLNG) project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Webcast Access: Investors can access the live audio webcast through Tamboran's official website, ensuring transparent communication and engagement with stakeholders.
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