Tamboran Resources Corp

Tamboran Resources Corporation announced the appointment of Todd Abbott as Managing Director, in addition to his current role as Chief Executive Officer, effective October 19, 2026. Mr. Abbott was also appointed as a Class II director. This appointment formalizes his executive leadership at the Board level as the company transitions from the appraisal phase to development. Mr. Abbott brings over 25 years of upstream oil and gas experience.

Tamboran Resources Corp. has completed the acquisition of Falcon Oil & Gas Ltd.'s subsidiaries, significantly expanding its footprint in the Beetaloo Basin. The transaction involved Tamboran issuing 6,537,503 shares of common stock and paying $23,663,080 in cash to Falcon. This strategic consolidation makes Tamboran the largest acreage holder in the Beetaloo Basin depocenter with approximately 2.8 million net prospective acres and results in a pro forma market capitalization of about $1.2 billion. The company is now focused on its 2026 operating program, including drilling and stimulation activities, with first gas sales from the Pilot Project expected in Q3 2026.

Tamboran Resources reported a reduced net loss of $(27.2) million for the nine months ended March 31, 2026, an improvement from $(30.4) million in the prior year period. Despite an accumulated deficit and ongoing operational losses, the company significantly strengthened its liquidity post-quarter by raising $198.3 million through equity offerings in April and May 2026. This capital infusion, along with progress on the Sturt Plateau Compression Facility and strategic initiatives like the Falcon Acquisition and Checkerboard Strategy, aims to address the substantial doubt regarding its ability to continue as a going concern.

Tamboran Resources Corporation announced its Q3 FY26 financial and operating results, highlighting a significantly strengthened balance sheet with a pro forma cash balance of approximately US$298 million following a US$219 million capital raise and PIPE transaction. The company also secured a US$28.5 million farm-out deal with Daly Waters Energy (DWE) for ~10,000 acres. Operationally, the SS-6H well achieved a record IP20 flow rate of 10.3 MMcf/d, and the Sturt Plateau Compression Facility (SPCF) is 88% complete, on track for first gas sales in Q3 2026.

Tamboran Resources Corporation completed a retail entitlement offer on May 1, 2026, raising A$24.8 million. The company issued 99,375,000 CHESS Depositary Interests (CDIs), which represent 496,875 shares of common stock, at an issue price of A$0.25 per CDI. The offer was extended to existing shareholders in various international jurisdictions and was exempt from U.S. registration requirements under Regulation S.

Tamboran Resources Corporation announced the closing of the remainder of its registered direct institutional entitlement offering on April 15, 2026. This final tranche resulted in the issuance and sale of an additional 96,698 shares of common stock. A portion of this offering had been previously closed on April 14, 2026, as disclosed earlier.

Tamboran Resources Corporation completed an accelerated non-renounceable institutional entitlement offer, issuing 148,308,400 CHESS Depositary Interests (CDIs) for aggregate proceeds of A$37.1 million. Each CDI represents 1/200th of a common share, issued at A$0.25 per CDI. Additionally, underwriters exercised their option to purchase 443,491 additional common shares, resulting in $14.7 million in net proceeds. Both transactions closed on April 14, 2026.

Tamboran Resources Corp. successfully closed an underwritten public offering, generating approximately $97.3 million in net proceeds after deducting offering expenses. The company issued 2,956,602 shares of common stock, with underwriters also granted a 30-day option to purchase an additional 443,491 shares. These funds are earmarked to significantly advance the company's operational objectives, including additional drilling in the Pilot Area, resource delineation in the Orion Acreage and Beetaloo Central Development Area, and drilling in the EP 161 acreage, alongside general working capital needs. This capital raise is crucial for accelerating Tamboran's exploration and development activities in its key assets.

Tamboran Resources Corp. amended its arrangement agreement with Falcon Oil & Gas Ltd., extending the termination date from April 30, 2026, to June 30, 2026. This extension provides additional time for the satisfaction of closing conditions, including potential OFAC licensing requirements, and ensures the arrangement can proceed if other conditions are met.