Tamboran Farms Down Beetaloo Acreage in $28.5M Deal with Daly Waters Energy

Mar 30, 2026 23:15 UTC

TMB, DWE

Short term

Tamboran Resources has entered a $28.5 million agreement to divest part of its Beetaloo Basin acreage to Daly Waters Energy. The transaction marks a strategic shift for the energy firm.

Tamboran Resources sells part of its Beetaloo Basin acreage to Daly Waters Energy for $28.5 million.
The deal represents a strategic shift for Tamboran in managing its asset portfolio.
Daly Waters Energy acquires access to high-potential gas resources in northern Australia.
The transaction does not disclose the exact size of the acreage involved.
The Beetaloo Basin is a significant area for unconventional gas exploration.
The deal is expected to influence both companies' operational and financial strategies.

Tamboran Resources has agreed to farm down its interest in the Beetaloo Basin to Daly Waters Energy for $28.5 million. The deal involves the transfer of a portion of Tamboran's acreage in the region, signaling a strategic realignment for the energy company. The Beetaloo Basin, located in northern Australia, is a key area for unconventional gas exploration and development. While the specific size of the acreage being transferred was not disclosed, the transaction reflects Tamboran's ongoing efforts to optimize its asset portfolio. Daly Waters Energy, a junior energy firm, gains access to high-potential gas resources through the acquisition. The move is expected to impact both companies' operational strategies and financial positioning in the Australian energy market.