2 July 2024director interest notice● Neutral
Tamboran Resources Corp insider Fredrick J Barrett bought 6,600 shares on the open market at $24.00.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 July 2024director interest notice● Neutral
Tamboran Resources Corp insider Stephanie L Reed bought 8,250 shares on the open market at $24.00.
2 July 2024director interest notice● Neutral
Tamboran Resources Corp Chief Executive Officer Joel Lynn Riddle received 100,000 shares as part of the equity award.
2 July 2024director interest notice● Neutral
Tamboran Resources Corp insider Andrew John Robb bought 2,000 shares on the open market at $24.00.
2 July 2024director interest notice● Neutral
Tamboran Resources Corp insider Richard K Stoneburner bought 8,500 shares on the open market at $24.00.
28 June 2024other● Neutral
Final US prospectus for the IPO: 3,125,000 shares at US$24.00, US$75M gross and about US$70.1M before expenses after US$4.9M underwriting discount. Daly Waters will receive US$7.5M of shares at the IPO price. Restates the pricing already announced.
28 June 2024capital raising announcement▲ GoodMajor
Tamboran completed its NYSE IPO of 3,125,000 shares at $24.00, raising $75 million gross. It signed registration-rights and director-nomination agreements with Sheffield Holdings, LP, and issued 489,088 shares to Helmerich & Payne on conversion of its 5.5% convertible note.
27 June 2024capital raising announcement● Neutral
Duplicate of the IPO pricing release: 3,125,000 shares at US$24.00, US$75M gross, NYSE trading from 27 June. Nothing new beyond the earlier announcement.
What it means for a shareholder
3.1m new shares at US$24.00 to raise about US$75.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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27 June 2024security holder rights change● Neutral
Explains how CDI holders can convert CDIs to NYSE common stock at 200:1. Converted shares carry a US transfer restriction legend that must be removed before they can be traded on the NYSE. Administrative guidance, no change to the ASX-listed CDIs.
27 June 2024capital raising announcement▲ GoodMajor
Tamboran priced its US IPO at US$24.00 per share for 3,125,000 shares, raising US$75M gross, half the 6.5M shares offered at launch. Sheffield Holdings and Liberty Energy contributed US$20M. NYSE trading starts 27 June; closing is expected 28 June. It resolves the IPO thread.
27 June 2024securities registration● Neutral
Tamboran Resources Corp filed the final prospectus for a registered offering.
27 June 2024capital raising announcement● Neutral
Free writing prospectus: 3,125,000 shares at US$24.00, with about US$70.1M net proceeds. Capital needs for the initial development phase are put at US$125–165M. H&P's convertible note converts into 489,088 shares and Daly Waters takes US$7.5M of shares, both conditional on at least US$75M raised.
26 June 2024director interest notice● Neutral
Joel Lynn Riddle became a Tamboran Resources Corp Chief Executive Officer and company insider (initial ownership filing).
26 June 2024director interest notice● Neutral
Eric Steven Dyer became a Tamboran Resources Corp Chief Financial Officer and company insider (initial ownership filing).
26 June 2024director interest notice● Neutral
Sheffield Holdings, LP became a Tamboran Resources Corp company insider (initial ownership filing).
26 June 2024director interest notice● Neutral
David N Siegel became a Tamboran Resources Corp company insider (initial ownership filing).
26 June 2024director interest notice● Neutral
Faron James Thibodeaux became a Tamboran Resources Corp Chief Operating Officer and company insider (initial ownership filing).
26 June 2024director interest notice● Neutral
Fredrick J Barrett became a Tamboran Resources Corp company insider (initial ownership filing).
26 June 2024director interest notice● Neutral
Richard K Stoneburner became a Tamboran Resources Corp company insider (initial ownership filing).
26 June 2024securities registration● Neutral
Tamboran Resources Corp filed a free-writing prospectus - marketing material for an offering in progress.
26 June 2024director interest notice● Neutral
Ryan Dalton became a Tamboran Resources Corp company insider (initial ownership filing).
26 June 2024listing compliance notice▲ GoodMajor
the exchange certified Tamboran Resources Corp's securities for listing, clearing them to begin trading.
26 June 2024director interest notice● Neutral
John R. Bell became a Tamboran Resources Corp company insider (initial ownership filing).
26 June 2024director interest notice● Neutral
Andrew John Robb became a Tamboran Resources Corp company insider (initial ownership filing).
26 June 2024director interest notice● Neutral
Stephanie L Reed became a Tamboran Resources Corp company insider (initial ownership filing).
26 June 2024director interest notice● Neutral
Patrick James Dymock Elliott became a Tamboran Resources Corp company insider (initial ownership filing).
24 June 2024securities registration● Neutral
Tamboran Resources Corp amended a filing by which it registered a securities offering with the SEC.
20 June 2024securities registration● Neutral
Tamboran Resources Corp amended a filing by which it registered a securities offering with the SEC.
19 June 2024regulatory community update▲ GoodMajor
The Northern Territory Government granted Major Project Status to Tamboran's Beetaloo development. It brings a dedicated case manager and approval-process mapping. This is government support for the pilot's path to first gas; it does not itself grant any approval.
18 June 2024other● Neutral
Amendment No. 2 to the US Form S-1 for the IPO, dated 17 June: 6,500,000 shares at an expected US$24–27. Cornerstone investors (Sheffield Holdings, Scott Sheffield, Liberty Energy, Yates family) indicated interest in up to US$22.5M. Repeats the launch terms; the extract is truncated.