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Tamboran Resources delivers first Beetaloo Basin gas sales and reports ~US$240M pro forma cash
Filed September 25, 2026 · Period ending September 25, 2026 · ~1 min read
Key Changes
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high
Tamboran and partner Daly Waters Energy became the first to deliver gas sales from the Beetaloo Basin into the NT gas network, with nominations expected to ramp to the contracted 40 TJ/d plateau.
Exhibit 99.2 view on EDGAR → -
high
The Sturt Plateau Compression Facility was completed on time and ~US$9 million below forecast budget, with commissioning expected to finish in 4Q 2026.
Exhibit 99.1 view on EDGAR → -
high
Pro forma cash balance of ~US$240 million, including US$225 million cash at June 30, 2026 and US$15 million in near-term inflows from the DWE acreage sale.
Exhibit 99.1 view on EDGAR → -
medium
Completed the largest stimulation campaign in the Beetaloo Basin, achieving 178 stages across 30,000 lateral feet on three wells.
Exhibit 99.1 view on EDGAR → -
high
Completed the acquisition of Falcon Oil & Gas Ltd. in May 2026, issuing 6,537,503 shares of Common Stock to eligible Falcon shareholders.
Exhibit 99.2 view on EDGAR →
Summary
Tamboran Resources reported its fourth quarter and full year fiscal 2026 results, highlighted by the first commercial gas sales from the Beetaloo Basin into the Northern Territory gas network.
The company and its joint venture partner Daly Waters Energy achieved this milestone in September 2026, with volumes currently limited by market demand but expected to ramp up to the contracted plateau of 40 TJ/d as seasonal demand increases.
The Sturt Plateau Compression Facility was completed on time and approximately US$9 million below budget, and the company reported a pro forma cash balance of around US$240 million, including near-term inflows from an acreage sale. Operationally, Tamboran completed its largest stimulation campaign in the Beetaloo Basin, placing 178 stages across 30,000 lateral feet, and successfully used locally sourced sand in 10 stages, which could reduce completion costs. The company also completed the acquisition of Falcon Oil & Gas Ltd. in May 2026, consolidating its position in the basin. However, the filing's risk factors disclose substantial doubt about the company's ability to continue as a going concern, citing recurring operational losses, negative cash flows, and cumulative net losses. While the first gas sales and strong cash position are positive developments, the going concern disclosure remains a significant concern for investors, as the company's path to sustained profitability is not yet assured.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Tamboran Resources issued its Q4 FY2026 earnings presentation and press release on September 25, 2026.
Added in current filing · verify on EDGAR →
On September 25, 2026, Tamboran Resources Corporation issued an earnings presentation and press release announcing its
financial and operating results for the quarter ended June 30, 2026.
The company furnished its earnings presentation and press release for the quarter ended June 30, 2026. The materials are attached as Exhibits 99.1 and 99.2 and are incorporated by reference into the 8-K.
Event · Exhibit 99.1
Tamboran reports 4Q FY26 results: first gas sales to NT market, SPCF built under budget, and ~US$240M pro forma cash.
Added in current filing · view on EDGAR →
First gas volumes delivered to the Northern Territory gas market in September 2026, NTG gas nominations to increase with seasonal demand
Tamboran transitioned to a producer, delivering first gas sales to the Northern Territory gas market in September 2026. The company expects NTG gas nominations to increase with seasonal demand.
Added in current filing · view on EDGAR →
Successful placement of 10 stages of in-basin Beetaloo Red Sand; provides near-term opportunity for reduction in completion costs
Tamboran successfully used locally sourced Beetaloo Red Sand in 10 stages, which could reduce completion costs in the near term.
Event · Exhibit 99.2
Tamboran reports first gas sales from Beetaloo Basin, record stimulation program, and Falcon Oil & Gas acquisition completion.
Added in current filing · view on EDGAR →
Tamboran, as operator, and its joint venture partner Daly Waters Energy became the first to deliver gas sales from the Beetaloo Basin into the NT gas network.
Tamboran achieved a major milestone by delivering first gas sales from the Beetaloo Basin into the Northern Territory gas network. Volumes are currently limited by market demand, with the Northern Territory Government nominating 25 TJ/d as the Territory comes out of its lower-demand season. Rates are expected to ramp up to the contracted plateau of 40 TJ/d.
Added in current filing · view on EDGAR →
The Beetaloo Joint Venture (BJV) successfully delivered the largest stimulation program in the Beetaloo Basin with three 10,000-foot laterals stimulated across 178 stages using the Liberty Energy (NYSE: LBRT) frac fleet.
The BJV completed the largest stimulation campaign ever conducted in the Beetaloo Basin, with 178 stages placed across approximately 30,000 feet within the Mid Velkerri B Shale formation. The program averaged 6.7 stimulated stages per day, with Beetaloo records in pumping operations exceeding 20 hours per day and 12 stages delivered in a single day.
Added in current filing · view on EDGAR →
Successfully completed construction of the Sturt Plateau Compression Facility (SPCF) on time and ~US $9 million below forecast budget.
The SPCF, a 50/50 joint venture with Daly Waters Infrastructure, was completed in August 2026 on time and approximately US$9 million below forecast budget. The facility commenced processing gas and delivered first gas sales into the Northern Territory gas market in early September 2026. The BJV continues to evaluate options for a potential expansion of the SPCF to up to 100 TJ/d, with an investment decision planned for mid-2027.
Added in current filing · view on EDGAR →
In May 2026, Tamboran completed the acquisition of Falcon Oil & Gas Ltd. via the acquisition of its subsidiaries following receipt of final court approval from the Supreme Court of British Columbia.
Tamboran completed the acquisition of Falcon Oil & Gas Ltd. in May 2026 after receiving final court approval from the Supreme Court of British Columbia. Upon completion, Tamboran issued 6,537,503 shares of Common Stock to eligible shareholders of Falcon, bringing total shares of Common Stock issued including equivalent CDIs to 34,856,412.
Added in current filing · view on EDGAR →
As of June 30, 2026, Tamboran had cash and expected near-term inflows of US $240 million (including Tamboran’s 50% share of restricted cash). Net drawn debt was US $30 million, associated with the construction of the SPCF, with undrawn debt of US $31 million (net Tamboran) remaining.
Tamboran reported total cash on hand of US$225 million (excluding US$6.0 million of DWI's net share of restricted cash), plus near-term cash inflows of US$15 million relating to the completion of the acreage sale to DWE. Net drawn debt was US$30 million, with US$31 million undrawn.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 28, 2026 · How we verify