# Tamboran Resources Corp (TBNRL) — delisting [pending]
Source: SEC API (secapi.ai) · situation sit_f3b995676605bbae6d1e · retrieved 2026-08-12T07:00:16.602Z

## Overview
Falcon Oil & Gas Ltd. is an oil and gas exploration and development company with unconventional assets located in Australia, Hungary, and South Africa, holding a 22.5% working interest in the Beetaloo Sub-basin in Australia's Northern Territory.

On May 28, 2026, Tamboran Resources Corporation completed its acquisition of all subsidiaries of Falcon Oil & Gas Ltd. pursuant to an Arrangement Agreement dated September 30, 2025 (as amended March 31, 2026). Tamboran issued 6,537,503 shares of common stock and paid cash consideration of $23.7 million to Falcon shareholders. The transaction also included Tamboran's assumption of Falcon's asset retirement obligations and other liabilities. Tamboran agreed to use commercially reasonable efforts to pay any cash calls or credit support required by Falcon under the Beetaloo Joint Operating Agreement and APA Development Agreement from September 30, 2025 forward.

## Terms
- Counterparty: Falcon Oil & Gas Ltd. · Deal value: $23.7M · Consideration: mixed

## Key dates
- Announced 2026-08-07

## Timeline
- 2026-08-07 · 8-K/A (0001193125-26-340239): 8-K/A - Tamboran Resources Corp — *Falcon Oil & Gas Ltd. is an oil and gas exploration and development company with unconventional assets located in Australia, Hungary, and South Africa, holding a 22.5% working interest in the Beetaloo Sub-basin in Australia's Northern Territory.* On May 28, 2026, Tamboran Resources Corporation completed its acquisition of all subsidiaries of Falcon Oil & Gas Ltd. pursuant to an Arrangement Agreement dated September 30, 2025 (as amended March 31, 2026). Tamboran issued 6,537,503 shares of common stock and paid cash consideration of $23.7 million to Falcon shareholders. The transaction also included Tamboran's assumption of Falcon's asset retirement obligations and other liabilities. Tamboran agreed to use commercially reasonable efforts to pay any cash calls or credit support required by Falcon under the Beetaloo Joint Operating Agreement and APA Development Agreement from September 30, 2025 forward.
  https://www.sec.gov/Archives/edgar/data/1997652/0001193125-26-340239.txt

## Citations
- 0001193125-26-340239 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526340239