Tamboran Wins Key Falcon Shareholder Approval in Push for Full FOGA Ownership

Tamboran Resources Limited ( (AU:TBN) ) has issued an announcement.

Tamboran Resources Corporation has secured shareholder approval at Falcon Oil & Gas Australia Limited (FOGA) for the sale of Falcon’s 98.1% interest in FOGA, a key milestone in a broader deal under which Tamboran will acquire all Falcon subsidiaries. The acquisition gives Tamboran the option to compulsorily acquire the remaining 1.9% minority stake in FOGA, with the company indicating it plans to do so after completion of the wider transaction on terms at least as favourable as those agreed with Falcon, thereby consolidating full ownership. The broader transaction remains subject to shareholder votes at both Tamboran and Falcon and court approvals in Canada, with an updated indicative timetable targeting special meetings in early March 2026 and deal closing shortly thereafter, positioning Tamboran to further strengthen its strategic control over Beetaloo Basin gas assets and streamline its corporate structure.

The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.

More about Tamboran Resources Limited

Tamboran Resources Corporation (NYSE, ASX: TBN) is a growth-focused independent natural gas exploration and production company concentrating on the commercial development of natural gas resources in Australia’s Beetaloo Basin in the Northern Territory. Through its subsidiaries, the company controls about 1.9 million net prospective acres, making it the largest acreage holder in the Beetaloo, and is pursuing an integrated development strategy across this unconventional gas play.

Average Trading Volume: 1,995,209

Technical Sentiment Signal: Buy

Current Market Cap: A$877.7M

For an in-depth examination of TBN stock, go to TipRanks’ Overview page.