Tamboran inks Daly Waters Beetaloo farm-in partnership

Tamboran Resources Corporation ( (TBN) ) just unveiled an announcement.

On March 30, 2026, Tamboran Resources’ subsidiary Tamboran (Beetaloo) Pty Limited agreed a farm-in deal with Daly Waters Energy, owned by Formentera Partners, covering about 10,000 acres across the Shenandoah North and South pilot areas and the Beetaloo Central Development Area in the Beetaloo Basin. The transaction, announced on March 31, 2026, gives Daly Waters Energy a staged earn-in of up to US$28.5 million via work-program carries, including up to US$23.2 million across two phases and an additional milestone carry of up to US$5.3 million.

The deal, aligned with Daly Waters Energy’s joint venture with Japan’s INPEX, brings a major LNG operator into Tamboran’s acreage and is positioned as a value-accretive step toward Beetaloo gas commercialisation. Tamboran emphasised that the farm-out validates a premium valuation for its maturing Beetaloo acreage, allows accelerated activity while preserving its balance sheet and operatorship in core assets, supports local jobs and energy security, and remains contingent on completion of its Falcon Oil & Gas acquisition and certain JV-related conditions.

The most recent analyst rating on (TBN) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on Tamboran Resources Corporation stock, see the TBN Stock Forecast page.

Spark’s Take on TBN Stock

According to Spark, TipRanks’ AI Analyst, TBN is a Neutral.

The score is held back primarily by weak financial performance (minimal revenue, ongoing losses, and substantial negative free cash flow). Technicals are supportive due to a strong uptrend, but are tempered by very overbought momentum readings. Corporate events modestly improve the outlook via added capital, leadership upgrade, and JV restructuring, while valuation remains constrained by negative earnings and no dividend support.

To see Spark’s full report on TBN stock, click here.

More about Tamboran Resources Corporation

Tamboran Resources Corporation is an independent natural gas exploration and production company focused on developing natural gas resources in Australia’s Beetaloo Basin in the Northern Territory. Through its subsidiaries, the NYSE- and ASX-listed group holds about 1.9 million net prospective acres and is currently the largest acreage holder in the Beetaloo Basin, pursuing an integrated path to commercialisation of this emerging gas province.

Average Trading Volume: 81,695

Technical Sentiment Signal: Buy

Current Market Cap: $990M

See more insights into TBN stock on TipRanks’ Stock Analysis page.