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Tamboran Resources Corporation (ASX:TBN)

ALERT: Price-sensitive ASX Announcement for TBN
Current share price for TBN : $0.233 0.038 (19.23%)+
Announcement
Release
12 Feb 2026 8:16AM
Price at Release
$0.195
Full Release
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Summary
Tamboran Resources Corporation, an early-stage natural gas company focusing on the Beetaloo Basin in Australia's Northern Territory, is yet to generate revenue and continues to incur losses, reporting a net loss of $14.8 million for the six months ending December 31, 2025. The company's financial challenges are underscored by an accumulated deficit of $182.1 million. Despite securing a Facility Agreement for A$35.0 million, substantial planned expenditures for natural gas development, and reliance on additional capital raise concerns about its ability to continue as a going concern. The company is also progressing in acquiring Falcon Oil & Gas Ltd.'s interests, contingent on specific approvals.
Key Points
  • Tamboran Resources Corporation has not generated revenue and is in the exploration stage for unconventional gas resources in the Beetaloo Basin, Australia.
  • The company reported a net loss after tax of $14.8 million for the six months ended December 31, 2025.
  • Tamboran Resources' accumulated deficit as of December 31, 2025, was $182.1 million.
  • The company raised additional capital through equity offerings and secured a Facility Agreement that provides A$35.0 million in total facilities.
  • Tamboran's focus remains on the development of the Sturt Plateau Compression Facility (SPCF) in the Beetaloo Basin.
  • The company has significant planned expenditures for natural gas properties in the next 12 months.
  • Tamboran is dependent on additional capital to continue operations and fund ongoing exploration and development projects.
  • The company has entered into an arrangement to acquire Falcon Oil & Gas Ltd.'s interests, with conditions for closing that include shareholder approvals.
  • There is substantial doubt about Tamboran's ability to continue as a going concern due to recurring losses and negative cash flows.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.