Tamboran Resources Corporation has marked the completion of its acquisition of Falcon Oil & Gas, a transaction that materially changes the company’s position in one of Australia’s most closely watched unconventional gas regions.
Chief Executive Officer Todd Abbott attended the recent Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo alongside Resources Minister Madeleine King, Tommy Joyce from the U.S. Department of Energy, and EXIM President and Chairman John Jovanovic. The forum provided a high-level setting for Tamboran to acknowledge shareholder support for the Falcon transaction and to place the company’s expanded Beetaloo Basin position within the broader discussion around energy security across the Indo-Pacific region.
With the transaction complete, the company has become the largest acreage holder in the Beetaloo Basin, with approximately 2.8 million net prospective acres. That enlarged landholding gives Tamboran a more substantial platform from which to plan future development, manage project timing, and engage with potential partners, customers, financiers, and government stakeholders.
CQS Natural Resources Growth and Income plc (LON:CYN) is a closed end UK investment trust providing shareholders with capital growth and income from a portfolio of mining and resource equities and mining, resource, industrial and other fixed interest securities.
