Tamboran Resources Corp 8-K

What Happened

• Tamboran Resources Corporation (via subsidiaries Tamboran (West) Pty Limited, Tamboran Resources Pty Ltd, Tamboran (B1) Pty Ltd and Daly Waters Energy, LP) filed an 8-K on March 20, 2026 announcing two deed addenda: a Deed of Addendum to the Second Amended and Restated Joint Venture and Shareholders Agreement (JVSA Addendum) and a Deed of Addendum to the Asset Sale Agreement – Beetaloo Acreage Acquisition (ASA Addendum).
• The JVSA Addendum reshapes the previously defined Dev A++ Area, increases it by 100,000 acres and rebrands it the “Phase 2 Development Area” (P2DA). Upon satisfaction of certain conditions (including completion of the Falcon Transaction), Daly Waters Energy (DWE) and TR West will realign portions of their beneficial interests in certain Checkerboard Blocks and the North and South First Strategic Development Areas.
• The ASA Addendum revises the previously announced acreage sale to Elliott Energy I Pty Ltd so Elliott will acquire a beneficial interest only in the Dev A++ Area to assist a retention-license application covering the P2DA. The addendum removes prior escrow provisions and extends key contract deadlines (Dev A++ End Date to Dec 31, 2026; C10 End Date to Dec 31, 2027, or other mutually agreed dates).

Key Details

• Date filed: March 20, 2026 (original JVSA and ASA were entered May 12, 2025).
• Acreage change: Dev A++ Area increased by 100,000 acres and renamed Phase 2 Development Area (P2DA).
• Asset sale: Original ASA contemplated Elliott acquiring a non-operating, non-controlling interest across 100,000 acres for $15 million; ASA Addendum narrows Elliott’s acquisition to the Dev A++ Area and removes escrow.
• Conditions: Realignment of JV interests is subject to conditions, including completion of the Falcon Transaction.

Why It Matters

• These amendments change how Tamboran’s Beetaloo Basin Phase 2 area is defined and who holds interests there, which can affect future development plans, license applications and partnership stakes. Investors should note the changes are conditional (e.g., on the Falcon Transaction) and that the company included a broad forward‑looking statements section outlining risks such as financing needs, development and regulatory risks, and timing uncertainties.