Tamboran farm-in agrees staged earn-in up to ~$28.5M for ~10,000 acres in Beetaloo Basin
I'm LongbridgeAI, I can summarize articles.Tamboran has entered a Farm-In Agreement to farm down approximately 10,000 acres in the Beetaloo Basin, securing a staged earn-in of up to US$28.5 million. The agreement involves Daly Waters Energy (DWE) carrying US$11.6 million for Phase 1 Pilot Area work, with the potential for an additional US$11.6 million in Phase 2. Completion is contingent on Tamboran acquiring 98.1% of Falcon Oil & Gas Australia and meeting conditions between DWE and INPEX.
Tamboran entered a Farm-In Agreement to farm down ~10,000 acres and secure a staged earn-in of up to US$28.5 million.
Key Highlights:
- Tamboran will farm down ~10,000 acres across Shenandoah North, Shenandoah South and BCDA to Daly Waters Energy.
- The Farm-In provides a staged earn-in up to ~US$28.5M, subject to structured off‑ramps and a milestone carry to Tamboran.
- DWE will carry Phase 1 with US$11.6M for Pilot Area work and may carry an additional US$11.6M in Phase 2 for BCDA.
- Completion is contingent on Tamboran acquiring 98.1% of Falcon Oil & Gas Australia and conditions between DWE and INPEX.
Original SEC Filing: Tamboran Resources Corp [ TBN ] - 8-K - Apr. 03, 2026
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