Tamboran and Formentera Sign Farm-in Agreement for Beetaloo Basin Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17 hours ago
0mins
Should l Buy TBN?
Source: Yahoo Finance
- Agreement Signing: Tamboran Resources and Formentera Partners have executed a farm-in agreement to develop approximately 10,000 acres in the Beetaloo Basin, with an investment of up to $28.5 million, marking a significant step towards commercialization in the region.
- Strategic Investment Confidence: The strategic joint venture between DWE and Japan's INPEX, the largest E&P company in Japan, enhances Tamboran's market confidence in the Beetaloo Basin, with INPEX's involvement potentially providing additional pathways for gas commercialization and project advancement.
- Phased Funding Commitment: Under the agreement, DWE will provide Tamboran with a $11.6 million carry commitment for the first phase, and if proceeding to the second phase, an additional $11.6 million, ensuring ongoing project momentum and liquidity.
- Local Economic Boost: This collaboration is expected to support local jobs and infrastructure development while ensuring long-term energy security for the Northern Territory, with Tamboran aiming for first gas production in Q3 2026, further solidifying its market position.
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Analyst Views on TBN
Wall Street analysts forecast TBN stock price to fall
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 43.400
Low
35.00
Averages
37.75
High
41.00
Current: 43.400
Low
35.00
Averages
37.75
High
41.00
About TBN
Tamboran Resources Corporation is an Australia-based independent natural gas exploration and production company focused on an integrated approach to the commercial development of the natural gas resources in the Beetaloo Basin located within the Northern Territory of Australia. Through its subsidiaries, the Company holds approximately 1.9 million net prospective acres in the Beetaloo Basin. Its key assets include a 47.5% operating interest over 20,309 acres in the proposed northern Pilot Area, a 38.75% non-operating interest over 20,309 acres in the proposed southern Pilot Area, a 58.13% operating interest in the proposed Phase 2 development area covering 406,693 acres, a 67.83% operated interest over 219,030 acres in a proposed Retention License 10, a 77.5% operating interest across 1,487,418 acres over ex-EPs 76, 98 and 117, a 100% working interest and operatorship in EP 136 and a 25% non-operated working interest in EP 161, which are all located in the Beetaloo Basin.
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.
Tamboran Secures Court Approval for Falcon Acquisition
- Court Approval Secured: Tamboran Resources has received court approval from the Supreme Court of British Columbia for its acquisition of Falcon Oil & Gas, marking a crucial step in the acquisition process, although the court mandated amendments regarding the treatment of certain sanctioned shareholders.
- Amendments and Timing Extension: To address the court's conditions, Tamboran and Falcon plan to extend the 'outside date' under the agreement, allowing time to resolve shareholder issues, which may impact the final completion timeline of the transaction.
- Beetaloo Consolidation Strategy: The acquisition is part of Tamboran's strategy to consolidate its position in the Beetaloo Basin, where it is already the largest acreage holder with approximately 1.9 million net prospective acres, expected to simplify the ownership structure across key assets.
- Ongoing Development Activities: With court approval in place, Tamboran is advancing discussions on the required amendments, which are anticipated to support the company's long-term development plans in the Beetaloo Basin and drive ongoing development activities in the region.
See More
Tamboran and Formentera Sign Farm-in Agreement for Beetaloo Basin Development
- Agreement Signing: Tamboran Resources and Formentera Partners have executed a farm-in agreement to develop approximately 10,000 acres in the Beetaloo Basin, with an investment of up to $28.5 million, marking a significant step towards commercialization in the region.
- Strategic Investment Confidence: The strategic joint venture between DWE and Japan's INPEX, the largest E&P company in Japan, enhances Tamboran's market confidence in the Beetaloo Basin, with INPEX's involvement potentially providing additional pathways for gas commercialization and project advancement.
- Phased Funding Commitment: Under the agreement, DWE will provide Tamboran with a $11.6 million carry commitment for the first phase, and if proceeding to the second phase, an additional $11.6 million, ensuring ongoing project momentum and liquidity.
- Local Economic Boost: This collaboration is expected to support local jobs and infrastructure development while ensuring long-term energy security for the Northern Territory, with Tamboran aiming for first gas production in Q3 2026, further solidifying its market position.
See More
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- Diverse Analyst Reactions: Among the 7 analysts covered by Zacks, target prices range from $32.00 to $53.00, with a standard deviation of $6.775, reflecting varying opinions on TBN's future performance, necessitating cautious evaluation by investors.
- Clear Market Signal: With TBN's stock price exceeding the average target, investors are prompted to reassess the company's valuation, considering whether to hold or take profits, which could influence trading strategies in the short term.
- Collective Wisdom Reflection: The average target price represents a synthesis of multiple expert opinions, encouraging investors to pay attention to this
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- Contango Merger Details: The merger between Contango Ore, Inc. and Dolly Varden Silver Corporation will allow Contango shareholders to own 50% of the combined company, with a shareholder vote scheduled for March 17, 2026, which may present new growth opportunities for shareholders.
See More
Tamboran Secures Court Approval for Falcon Acquisition
- Court Approval Secured: Tamboran Resources has received court approval from the Supreme Court of British Columbia for its acquisition of Falcon Oil & Gas, marking a crucial step in the acquisition process, although the court mandated amendments regarding the treatment of certain sanctioned shareholders.
- Amendments and Timing Extension: To address the court's conditions, Tamboran and Falcon plan to extend the 'outside date' under the agreement, allowing time to resolve shareholder issues, which may impact the final completion timeline of the transaction.
- Beetaloo Consolidation Strategy: The acquisition is part of Tamboran's strategy to consolidate its position in the Beetaloo Basin, where it is already the largest acreage holder with approximately 1.9 million net prospective acres, expected to simplify the ownership structure across key assets.
- Ongoing Development Activities: With court approval in place, Tamboran is advancing discussions on the required amendments, which are anticipated to support the company's long-term development plans in the Beetaloo Basin and drive ongoing development activities in the region.
See More
Tamboran and Formentera Sign Farm-in Agreement for Beetaloo Basin Development
- Agreement Signing: Tamboran Resources and Formentera Partners have executed a farm-in agreement to develop approximately 10,000 acres in the Beetaloo Basin, with an investment of up to $28.5 million, marking a significant step towards commercialization in the region.
- Strategic Investment Confidence: The strategic joint venture between DWE and Japan's INPEX, the largest E&P company in Japan, enhances Tamboran's market confidence in the Beetaloo Basin, with INPEX's involvement potentially providing additional pathways for gas commercialization and project advancement.
- Phased Funding Commitment: Under the agreement, DWE will provide Tamboran with a $11.6 million carry commitment for the first phase, and if proceeding to the second phase, an additional $11.6 million, ensuring ongoing project momentum and liquidity.
- Local Economic Boost: This collaboration is expected to support local jobs and infrastructure development while ensuring long-term energy security for the Northern Territory, with Tamboran aiming for first gas production in Q3 2026, further solidifying its market position.
See More
Tamboran Resources Stock Surpasses Analyst Target Price
- Price Target Breakthrough: Tamboran Resources Corp (Ticker: TBN) has surpassed the average analyst 12-month target price of $39.71, trading at $43.40, indicating increased market confidence that may attract more investor interest.
- Diverse Analyst Reactions: Among the 7 analysts covered by Zacks, target prices range from $32.00 to $53.00, with a standard deviation of $6.775, reflecting varying opinions on TBN's future performance, necessitating cautious evaluation by investors.
- Clear Market Signal: With TBN's stock price exceeding the average target, investors are prompted to reassess the company's valuation, considering whether to hold or take profits, which could influence trading strategies in the short term.
- Collective Wisdom Reflection: The average target price represents a synthesis of multiple expert opinions, encouraging investors to pay attention to this
See More
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- Company Announcement: Wells Fargo has raised its price target for shares of Tambrana Resources Corp.
- New Price Target: The new price target is set at $58, an increase from the previous target of $35.
See More
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- Shareholder Rights Investigation: Halper Sadeh LLC is investigating RAPT Therapeutics, Inc.'s sale to GSK plc for $58.00 per share, raising concerns about potential violations of shareholder rights and encouraging shareholders to understand their options.
- Merger Transaction Review: The merger between Contango ORE, Inc. and Dolly Varden Silver Corporation will result in Contango shareholders owning approximately 50% of the combined entity, prompting Halper Sadeh LLC to assess whether this transaction serves the best interests of shareholders.
- Shareholder Equity Protection: Tamboran Resources Corporation's merger with Falcon Oil & Gas Ltd. will allow Tamboran shareholders to hold 73.2% of the combined company, with Halper Sadeh LLC urging shareholders to be aware of potential equity losses.
- Legal Support Services: Amicus Therapeutics, Inc. is being sold to BioMarin Pharmaceutical Inc. for $14.50 per share, and Halper Sadeh LLC offers no-cost legal consultations to assist shareholders in protecting their rights.
See More
Monteverde Law Firm Investigates RAPT and Others for Shareholder Recovery
- Shareholder Recovery Investigation: Monteverde & Associates is investigating RAPT Therapeutics, Inc.'s sale to GSK plc, with RAPT shareholders expected to receive $58.00 per share in cash, which could significantly enhance shareholder returns and bolster investor confidence.
- Amicus Transaction Update: In the proposed sale of Amicus Therapeutics, Inc. to BioMarin Pharmaceutical Inc., Amicus shareholders are anticipated to receive $14.50 per share in cash, with a shareholder vote scheduled for March 3, 2026, potentially impacting the company's future market performance.
- Merger Voting Arrangement: Tamboran Resources Corporation's merger with Falcon Oil & Gas Ltd. will result in Tamboran shareholders owning 73.2% of the combined entity, with a shareholder vote set for March 4, 2026, indicating the company's strategic positioning in industry consolidation.
- Contango Merger Details: The merger between Contango Ore, Inc. and Dolly Varden Silver Corporation will allow Contango shareholders to own 50% of the combined company, with a shareholder vote scheduled for March 17, 2026, which may present new growth opportunities for shareholders.
See More
