Tamboran Resources to Acquire Falcon Oil & Gas for ~$172M, Creates Major Beetaloo Basin Acreage Holder

Tamboran Resources Corporation (NYSE:TBN) is one of the best young stocks with huge upside potential. On October 1, Tamboran Resources reached an agreement to acquire Falcon Oil & Gas. The deal is expected to close in Q1 2026, where the transaction values Falcon at ~$172 million.

Under the agreement, Tamboran will take ownership of all Falcon subsidiaries. The consideration for the transaction includes 6.5 million shares of Tamboran’s common stock and $23.7 million in cash. Upon completion, Falcon’s investors will hold a 26.8% stake in the combined entity, with Tamboran shareholders holding the remaining 73.2%.

The acquisition will extend Tamboran’s footprint in the Beetaloo sub-basin, or depocentre, and create one of the largest acreage holders in the region, with ~2.9 million net prospective acres. This figure includes non-operating stakes in blocks held by Daly Waters Energy. The deal also increases Tamboran’s working interest in the phase two development area to 80.62%. For this area, Tamboran is currently undertaking a farmout process with RBC Capital Markets to identify a new development partner while maintaining a material working interest.

Tamboran Resources Corporation (NYSE:TBN) is a natural gas company that develops unconventional gas resources in the northern territory of Australia.

While we acknowledge the potential of TBN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.