Tamboran Resources Corp. Shareholders Approve Landmark Acquisition of Falcon Oil & Gas

Ticker: NYSE: TBN
Date of Event: March 3, 2026

Key Highlights

• Tamboran Resources Corporation (Tamboran) held a special shareholder meeting on March 3, 2026 to approve major corporate actions.
• Shareholders overwhelmingly approved the acquisition of Falcon Oil & Gas Ltd. and its Australian subsidiary, Falcon Oil & Gas Australia Limited.
• The transaction involves the issuance of Tamboran shares as consideration for both Falcon Parent and Falcon Australia shareholders.
• All proposals presented at the meeting received strong support, signaling robust investor confidence in the company’s growth strategy.

Details of the Approved Proposals

1. Stock Issuance Proposal:
   • Approval for the issuance of 6,537,503 shares of Tamboran common stock (the “Falcon Parent stock consideration”) to Falcon Oil & Gas Ltd.
   • Approval for the issuance of up to an additional 147,508 shares of Tamboran common stock (the “Falcon Australia stock consideration”) to minority holders of Falcon Oil & Gas Australia Limited, in exchange for the remaining 1.9% of Falcon Australia’s equity.
   • This proposal enables Tamboran to acquire all Falcon subsidiaries pursuant to a plan of arrangement.
2. ASX Capacity Proposal:
   • Approval as required by ASX Listing Rule 7.1 and other relevant regulations for the above share issuances, ensuring compliance for investors holding Tamboran on the Australian Securities Exchange.
3. Adjournment Proposal:
   • Approval to adjourn or postpone the meeting if additional time was needed to solicit votes. This was not required as all proposals were approved in the first instance.

Voting Results

Abstentions and non-votes were not counted as votes cast and did not affect the outcome. Broker non-votes were not applicable.

What Shareholders and Investors Need to Know

• This transaction is transformative for Tamboran Resources Corp., significantly expanding its asset base and potential resource portfolio through the acquisition of Falcon’s subsidiaries.
• The use of equity as consideration means existing shareholders will see dilution, but the scale and strategic rationale of the transaction may outweigh dilution concerns if execution is successful.
• The proposals were approved by a significant majority, reflecting broad shareholder support for the company’s direction.
• The details of the arrangement, including the number of shares issued and the structure of the acquisition, were previously disclosed to shareholders in the proxy statement filed with the SEC on January 28, 2026.
• The company remains an emerging growth entity under SEC rules, and has not elected for extended transition periods for new accounting standards.

Potential Share Price Impact

• This is a material, price-sensitive event for Tamboran Resources Corp. as it directly affects the company’s fundamentals, growth prospects, and capital structure.
• Successful execution of the Falcon acquisition could unlock operational synergies, expand reserves, and enhance Tamboran’s competitive positioning in the oil and gas sector.
• Investors should monitor subsequent filings and management commentary for updates on integration progress and strategic benefits realization.

Company and Security Information

• Company Name: Tamboran Resources Corporation
• Incorporated in: Delaware, USA
• Trading Symbol: TBN
• Exchange: New York Stock Exchange (NYSE)
• Common Stock Par Value: \$0.001 per share
• Emerging Growth Company: Yes

Conclusion

The approval of the proposed acquisition of Falcon Oil & Gas Ltd. and its Australian subsidiary marks a pivotal moment for Tamboran Resources Corp. Shareholders have endorsed management’s strategy to pursue transformative growth. While equity dilution is a consideration, the scale of the opportunity and high approval rates suggest investors are optimistic about Tamboran’s future.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review all relevant filings and consult with their own advisors before making investment decisions. The author and publisher are not responsible for any investment decisions made based on this article.

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