Past year: ▲ 26%(18.5c – 31.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
18 June 2024capital raising announcement● NeutralMajor
Tamboran formally launched its NYSE IPO: 6,500,000 shares at an indicated US$24–27, with a 975,000-share underwriter option. Proceeds are meant to fund the Shenandoah South Pilot, NTLNG pre-FEED and working capital, and the CEO says six wells. CDIs stay on the ASX. Continues the May announcement.
18 June 2024agm notice▲ Good
All resolutions passed at the special meeting, including approval to issue up to 15,000,000 shares in the US IPO (99.55% in favour) and up to 500,000 shares to Bryan Sheffield (87.43%). The director fee pool rises from A$1.3M to US$2M. This clears the way for the IPO.
17 June 2024securities registration● Neutral
Tamboran Resources Corp amended a filing by which it registered a securities offering with the SEC.
17 June 2024agm notice● Neutral
Script for the 16-17 June 2024 special meeting of stockholders. Votes covered ratifying 180,588,881 CDIs already issued, a 2024 equity plan, up to 15M shares in the US IPO, director share issues and a pay-pool increase. Administrative; outcomes are announced separately.
5 June 2024securities registration● Neutral
Tamboran Resources Corp amended a filing by which it registered a securities offering with the SEC.
6 May 2024other● Neutral
Form S-1 registration statement filed with the US SEC on 3 May 2024 for the proposed NYSE IPO. The extract shows blank share numbers and price range, so no offer size or price is given.
6 May 2024capital raising announcement▲ GoodMajor
Tamboran announced its intention to list on the New York Stock Exchange via a US IPO under ticker TBN, with Form S-1 filed, while CDIs stay on the ASX. Size and price are not yet set. Proceeds are expected to fund the Shenandoah South pilot, with FID targeted after the IPO.
3 May 2024securities registration● Neutral
Tamboran Resources Corp registered a securities offering with the SEC.
30 Apr 2024quarterly activities report● Neutral
March quarter cash flow: cash fell to A$38.9M from A$47.8M. Operating outflow was A$6.5M and exploration spend A$12.4M, offset by A$14.2M of equity proceeds (before A$5.1M costs). No debt; the report estimates 2.06 quarters of funding.
30 Apr 2024quarterly activities report● Neutral
March quarter report restates the SS-1H flow results (IP90 2.9 MMcf/d), the Falcon interest change and the Northern Territory gas contract. Wood Concept Select for the NTLNG project is complete, with pre-FEED expected mid-2024. Cash was A$38.9M.
26 Apr 2024flow test result▲ GoodMajor
Shenandoah South 1H completed its 90-day test at 2.9 MMcf/d (5.8 normalised per 1,000 m), about 65% above Tanumbirini 3H, the previous Beetaloo best. This resolves the flow-test thread; the well is now shut in and suspended as a potential future producer. FID is still targeted mid-2024.
23 Apr 2024material agreement▲ GoodMajor
Tamboran and the Beetaloo JV signed a binding take-or-pay gas sales agreement with the Northern Territory Government for 40 TJ/d (~19 TJ/d net) for nine years from H1 2026, with an option to extend to 2042. It is conditional on the APA pipeline agreement, processing agreement, FID and approvals.
9 Apr 2024securities registration● Neutral
Tamboran Resources Corp amended a filing by which it confidentially submitted a draft registration statement to the SEC.
26 Mar 2024flow test result▲ Good
Shenandoah South 1H averaged 3.03 MMcf/d over 60 days (6.0 normalised per 1,000 m), a Beetaloo record, above Tanumbirini 3H's 4.1. It continues the 30-day result of 6.4; testing runs to IP90 in late April, with pilot FID still planned mid-2024.
25 Mar 2024farm in farm out agreement▲ GoodMajor
Tamboran lifted its interest in the proposed Shenandoah South Pilot Project to at least 47.5% after Falcon limited its share to 5% in the second well pad (SS2) and the two 2024 wells. Tamboran and Daly Waters Energy pick up the rest, reaching 95% over 51,200 acres, and carry Falcon for up to A$3.75M gross.
15 Mar 2024half year report● Neutral
Half-year report to 31 December 2023 reviews the period: re-domicile to the US, Shenandoah South 1H drilling and record flow rates, and the A$55M raise with Liberty. Operations text restates known items; financial statements are not shown in the extract.
14 Mar 2024securities registration● Neutral
Tamboran Resources Corp amended a filing by which it confidentially submitted a draft registration statement to the SEC.
5 Mar 2024regulatory community update● Neutral
The Australian Tax Office issued a class ruling on the December 2023 re-domicile scheme. Eligible holders make a capital loss if CDI value was below cost base, or can choose scrip-for-scrip rollover relief on a gain. General information, not tax advice.
26 Feb 2024investor presentation● Neutral
Presentation of the Shenandoah South 1H 30-day flow results (6.4 MMcf/d normalised) and the pilot plan: final investment decision mid-2024, first gas 1H 2026, about A$55M cash at end of January. It repeats figures announced the same day.
26 Feb 2024flow test result▲ GoodMajor
Shenandoah South 1H achieved a 30-day average of 3.2 MMcf/d over the stimulated length, or 6.4 MMcf/d normalised to 1,000 m, a Beetaloo record above Tanumbirini 3H's 5.2. It exceeded pre-drill expectation and supports the 40 MMcf/d pilot, with a final investment decision planned mid-2024.
26 Feb 2024resource reserve update▲ GoodMajor
First contingent resource booking for Shenandoah South lifted net 2C resources 8% to 2.1 Tcf (+152 Bcf; 1C up 33 Bcf to 491 Bcf net), certified by NSAI. It supports the 40 MMcf/d pilot, with first gas targeted for Q1 2026, subject to financing and approvals.
19 Feb 2024investor presentation● Neutral
Notice of a webcast on 26 February 2024 where the CEO will update the market on the Shenandoah South 1H 30-day flow test and Beetaloo operations. No results are given in this notice.
2 Feb 2024securities registration● Neutral
Tamboran Resources Corp confidentially submitted a draft registration statement to the SEC.
31 Jan 2024quarterly activities report● Neutral
December quarter report: the Shenandoah South 1H well was stimulated, then shut in for a three-week soak, and reopened mid-January with IP30 results due in Q1 2024. Cash was A$47.8M at 31 December, with a further A$14.2M received in January from the retail offer.
31 Jan 2024quarterly activities report● Neutral
December quarter cash flow: cash rose to A$47.8M from A$33.5M after A$40.8M of equity proceeds. Operating outflow was A$4.5M and exploration spend A$20.3M. No debt; the report estimates 1.92 quarters of funding before the A$14.2M retail proceeds received in January.
15 Jan 2024capital raising announcement▲ GoodMajor
The retail entitlement offer raised about A$14.2M at A$0.16 per CDI (~88.7M CDIs, 907 applications), bringing the total December raise to about A$55.0M. This completes the raise; CDIs on issue become 2,060,287,200, below the ~2,169M possible if fully subscribed.
28 Dec 2023capital raising announcement● Neutral
The retail entitlement offer, part of the A$0.16 per CDI equity raise, was extended by 7 days to close on 10 January 2024 (previously 3 January). New CDIs now issue 16 January. Only the timetable changed; no new amounts.
21 Dec 2023capital raising announcement● Neutral
Notice to eligible holders of the retail entitlement offer at A$0.16, closing 3 January 2024, with new CDIs issued 9 January. Retail holders taking full entitlement can apply for up to 2 times extra. The entitlement offer is up to ~A$44.3M, and the placement ~A$28.9M.
20 Dec 2023capital raising announcement● Neutral
The retail entitlement offer booklet was sent to eligible holders on 20 December 2023. The offer is 1 for 6.2 at the same A$0.16 price and closes 3 January 2024. It repeats terms already announced; no new figures.
19 Dec 2023other● Neutral
Full text of the TCFD Climate Change and Net Zero Report, covering climate policy, governance, strategy, risk management and scenario analysis. It accompanies the cover announcement; the extract shows no new commercial information.
