Welcome to our dedicated page for Tamboran Resources news (Ticker: TBN), a resource for investors and traders seeking the latest updates and insights on Tamboran Resources stock.
Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) is a natural gas exploration and production company focused on unconventional gas resources in the Beetaloo Sub-basin in Australia’s Northern Territory. The TBN news feed highlights company announcements, operational milestones and capital markets activity that shape its Beetaloo-focused growth strategy.
Investors following TBN news can see updates on the Shenandoah South Pilot Project, including drilling progress, stimulation plans and long-term production testing across multi-well programs. Recent releases describe the completion of the largest Beetaloo Basin drilling program to date, with horizontal wells such as SS-4H, SS-5H and SS-6H drilled and cased ahead of stimulation, and the use of modern drilling and stimulation technologies from partners like Baker Hughes and Liberty Energy.
The news flow also covers key regulatory and commercial milestones, such as approval under the Northern Territory Government’s Beneficial Use of Gas legislation, the first approval of its kind, and the execution of a binding Gas Sales Agreement to supply gas to the NT Government. Financing developments feature prominently, including underwritten public offerings of common stock, PIPE transactions, a security purchase plan for CDI holders and a syndicated debt facility for the Sturt Plateau Compression Facility.
Corporate and strategic updates appear in TBN news as well, including the appointment of Todd Abbott as Chief Executive Officer, the transition of Richard Stoneburner back to his role as Chairman, and the planned acquisition of Falcon Oil & Gas Ltd. to expand Tamboran’s net prospective acreage. Earnings release schedules, webcasts and shareholder meeting information are also announced through press releases.
For readers tracking TBN, the news page provides a consolidated view of operational updates from the Beetaloo Basin, regulatory approvals, financing transactions and governance changes that influence Tamboran’s development path.
Tamboran Resources (NYSE: TBN) has reached Final Investment Decision (FID) for its Shenandoah South Pilot Project in the Beetaloo Basin, with first gas sales expected by mid-2026. The project secured A$179.8 million (~US$118 million) in financing through a three-tranche facility with a consortium of lenders for the Sturt Plateau Compression Facility (SPCF).
The company has executed key agreements including a Gas Sales Agreement with the Northern Territory Government to supply 40 TJ per day of gas with CPI-adjusted pricing, a Gas Processing Agreement with SPCF Trust, and a Gas Transportation Agreement with APA Group. The project aims to provide long-term production testing of five wells (SS-2H ST1, -3H, -4H, -5H, and -6H) and deliver energy security to the Northern Territory.
The current three-well drilling program is expected to complete in early Q4 2025, followed by stimulation and flow testing phases through early 2026.Tamboran Resources (NYSE: TBN) has entered into a definitive agreement to acquire Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG), creating a dominant player in the Beetaloo Basin with approximately 2.9 million net prospective acres.
The transaction, valued at C$239 million (US$172 million), will be executed through a combination of 6,537,503 Tamboran NYSE shares and US$23.7 million in cash. Falcon shareholders will receive 0.00687 Tamboran shares for each Falcon share, representing a 19.7% premium to Falcon's closing price and will own 26.8% of the combined entity.
The acquisition is accretive to Tamboran stockholders with an implied acreage value of US$169 per acre, a 4% discount to Tamboran's current implied value. The deal is expected to close in Q1 2026, subject to shareholder approvals.
Tamboran Resources (NYSE:TBN) has achieved a significant milestone by receiving the first-ever approval from the Northern Territory Government (NTG) to sell appraisal gas under the new Beneficial Use of Gas (BUG) legislation. The approval, combined with Native Title Holders' consent, allows gas sales of up to 60 TJ per day from the Shenandoah South Pilot Project over three years.
The Beetaloo Joint Venture plans to initiate gas sales of up to 40 TJ per day to the NTG by mid-2026 under a binding Gas Sales Agreement. The project's drilling progress includes completed intermediate sections on three wells, with ongoing horizontal drilling in the Mid Velkerri B Shale at SS-5H well. The SS-4H well stimulation is scheduled for Q4 2025, followed by flow testing before connection to the Sturt Plateau Compression Facility.
Tamboran Resources (NYSE:TBN) announced record-breaking results from its Shenandoah South 2H sidetrack (SS-2H ST1) well in the Beetaloo Basin. The well achieved an exceptional 90-day initial production (IP90) flow rate of 6.7 million cubic feet per day (MMcf/d) over a 5,483-foot stimulated horizontal section within the Mid Velkerri B Shale.
The well demonstrated remarkable stability, with flow rates actually increasing by ~2% during the final 30 days without intervention, maintaining a 44/64" choke. At the 90-day mark, it was flowing at 6.5 MMcf/d with a wellhead pressure of ~700 psi. The well has been suspended pending gas sales to the Northern Territory Government via the Sturt Plateau Compression Facility in mid-2026.
Additionally, Tamboran's three-well 2025 Shenandoah South drilling campaign is progressing, implementing the first-ever batch drilling program in the Beetaloo Basin.
Tamboran Resources Corporation (NYSE: TBN) has announced significant leadership changes, with Board Chairman Dick Stoneburner appointed as interim CEO following Joel Riddle's departure after 12 years of service. The company has initiated a search for a permanent CEO with the help of an executive search firm.
Additionally, Scott Sheffield and Phillip Pace have joined as Non-Executive Directors, while John Bell Sr. has stepped down. These appointments are part of an agreement with the Sheffield Group, which owns 17.6% of Tamboran's outstanding Common Stock. The agreement includes standstill and voting provisions effective until 2028.
The company remains focused on its operational goals, including completing the tie-in of five wells at Shenandoah South 2 pad and maintaining its 40 MMcf/d Gas Sales Agreement with the Northern Territory Government.
Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) has appointed Mr. Jeff Bellman as a Non-Executive Director to its Board, effective May 2, 2025. Bellman brings 33 years of experience in investment management, specializing in analyzing and investing in the global oil and gas sector. His most recent role was serving as Managing Director at Nuveen Investments for twelve years. The appointment comes as Tamboran approaches first production from its Beetaloo Basin assets. Bellman will also serve on the company's Audit & Risk and Sustainability Committees.