Tamboran Resources (ASX:TBN) Down About 24% in a Month: Looking Back at the Slide and Ahead to the Beetaloo Plans

Sonal Goyal

25 October 2026 10:30 AM AEDT

Tamboran Resources (ASX:TBN) Down About 24% in a Month: Looking Back at the Slide and Ahead to the Beetaloo Plans

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Tamboran Resources (ASX:TBN) closed at A$0.19 on 23 October 2026, down 7.32% on the day and approximately 24% over a month.
On 19 October 2026 the company appointed its CEO as Managing Director in addition to his CEO role.
The company holds approximately 2.8 million net prospective acres in the Beetaloo Basin.

Tamboran Resources Corporation (ASX:TBN) closed at A$0.19 on 23 October 2026, down 7.32% (A$0.015) on the day, and the shares are approximately 24% lower over the past month. Tamboran is a natural gas exploration and production company focused on the Beetaloo Basin in the Northern Territory. Its most recent announcement was dated 19 October 2026, and the 23 October price move has not been linked to that release.

About Tamboran Resources

Tamboran is a growth-driven independent natural gas company listed on both the NYSE and the ASX. Through its subsidiaries it holds approximately 2.8 million net prospective acres in the Beetaloo Basin and is the largest acreage holder in the basin's depocentre. The company is pursuing the commercial development of the basin's natural gas resources.

Latest development: board appointment (19 October 2026)

Tamboran announced that Todd Abbott has been appointed Managing Director, in addition to his role as Chief Executive Officer, effective 19 October 2026. He became CEO in January 2026, and the appointment formalises his executive leadership at board level. The company described the move as coming as it shifts from the appraisal phase into development.

The material terms of the appointment are unchanged from those set out in the ASX announcement of 12 January 2026. The announcement referred to the achievement of first gas sales from the Beetaloo to the Northern Territory gas market, and to the strategy of supplying Beetaloo gas to the Northern Territory, Australia's East Coast and Asia Pacific markets.

Risks to weigh

The announcement contains no financial results or operating figures, so it does not explain the recent price decline. The strategy it describes is forward-looking and depends on the company moving from appraisal to development, and the company's forward-looking statements disclaimer notes that outcomes are uncertain. The share price remains well below its level of a month ago.

What lies ahead

Items to watch include progress from appraisal into development, further gas sales volumes from the Beetaloo, announcements about East Coast and Asia Pacific supply, and the company's next quarterly and financial updates.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.