7 Apr 2025other● Neutral
Appendix 4A for March 2025: CDIs on issue fell by 106,344,200 to 1,621,488,200 as holders moved to NYSE common stock. Common stock rose to 6,429,333. Administrative filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2025material agreement▲ Good
Tamboran signed a non-binding letter of intent with Arafura's Nolans rare earths project for 18-25 TJ/d of Beetaloo gas for up to 10 years. Another non-binding demand signal; definitive documents, both parties' investment decisions and approvals are still needed.
31 Mar 2025material agreement▲ Good
Arafura Rare Earths says its Mereenie gas deal lapsed on 31 March 2025 and it has signed a non-binding letter of intent with Tamboran for 18-25 TJ/d for up to 10 years. Subject to both companies' final investment decisions and approvals.
6 Mar 2025other● Neutral
Appendix 4A for February 2025: CDIs on issue fell by 8,963,400 to 1,727,832,400 as holders transferred to NYSE-listed common stock. Common stock rose to 5,897,612. Administrative filing.
25 Feb 2025investor presentation● Neutral
Updated 2Q FY25 results presentation: slides 16-18 amended and slide 19 added to supply source material for peer comparisons, to meet ASX guidance. No new operating or financial results are visible in the extract.
13 Feb 2025half year report▼ Bad
Half-year report (Appendix 4D with US Form 10-Q) to 31 Dec 2024: no revenue and a loss of about US$20.1M, up 118% from US$9.2M a year earlier. Repeats the 13 Feb half-year report, whose auditor going-concern warning is not visible in this extract.
13 Feb 2025investor presentation● Neutral
2Q FY25 results presentation, 12-13 February 2025, hosted by the CEO. Only the disclaimer text is visible, so no new figures can be reported from it.
13 Feb 2025quarterly activities report▼ BadMajor
December quarter: SS-3H stimulation paused after casing connection stress was detected, with repairs in Q1 and restart in Q2 2025, so SS-3H IP30 slips to mid-2025. SS-2H ST1 IP30 expected April 2025. Cash US$59.4M; US$23M (A$35M) Macquarie credit line secured.
13 Feb 2025half year report▼ BadMajor
Half-year report to 31 Dec 2024. Ernst & Young's review flags a material uncertainty about the company's ability to continue as a going concern, with the opinion not modified. Cash was $59.4M and there was no revenue; the extract shows a six-month loss figure only partly.
7 Feb 2025drilling progress report▲ Good
SS-2H ST1 stimulation finished with 35 stages over 5,483 ft, a Beetaloo record average proppant intensity of 2,706 lb/ft (22% above SS-1H), fewer stages than the 43 planned. Clean-out and flow testing come next; SS-3H update to follow.
3 Feb 2025other● Neutral
Appendix 4A for January 2025: CDIs on issue fell by 2,658,600 to 1,736,795,800 on net transfers to NYSE-held common stock. Common stock rose to 5,852,795. Administrative filing.
28 Jan 2025other● Neutral
Notice that Tamboran will release second-quarter FY25 results after the NYSE close on 12 February 2025 (13 February in Australia), with a CEO webcast. Scheduling notice only.
24 Jan 2025drilling progress report▲ Good
Stimulation began on SS-2H ST1 and SS-3H, planned at up to 119 stages (43 and 76) using Liberty's 80,000 HHP fleet, a first for the Beetaloo. This starts the Q1 2025 frac program flagged earlier; stage counts are above the earlier minimums.
23 Jan 2025material agreement▲ GoodMajor
Tamboran and Santos signed a non-binding MOU to study a possible Darwin LNG Train 2 expansion (up to ~6 MTPA) and collaborate on EP 161 (Santos 75%, Tamboran 25%). Non-binding, so no commitment; Tamboran says it remains committed to its own NTLNG pre-FEED.
9 Jan 2025other● Neutral
Appendix 4A for December 2024: CDIs on issue fell by 400,000 to 1,739,454,400 on net transfers to NYSE-held common stock. Common stock rose to 5,839,502. Administrative filing.
31 Dec 2024debt financing● Neutral
Macquarie agreed to stand behind the performance bonds Tamboran's Australian arm needs for its Beetaloo work: A$25 million available now, plus two A$5 million tranches that unlock only if it first raises A$62.5 million and A$75 million of new capital. The backing is expensive - a 2% set-up fee, 4% a year on unused commitments and 10% of anything actually drawn.
23 Dec 2024drilling result▲ GoodMajor
SS-3H was drilled to 21,169 ft in 25 days, 10 days (43%) faster than SS-2H, with the first usable 10,000 ft horizontal below 8,000 ft TVD. Strong gas shows and no faulting seen. Liberty frac planned early Q1 2025 (100-120 stages); IP30 results still due Q1 2025.
17 Dec 2024material agreement▲ Good
APA announced it signed the Development, Gas Transportation and Connection Agreements with Tamboran and Daly Waters Energy to build, own and operate the ~37 km Sturt Plateau Pipeline, costing about $66.5M and funded by APA. It continues the 17 Dec binding deal; gas transport runs to at least 2041, expected H1 2026.
17 Dec 2024material agreement▲ GoodMajor
Tamboran and Daly Waters Energy signed binding agreements with APA to build, own and operate the 23-mile Sturt Plateau Pipeline, contracting all foundation capacity to at least 2041. Construction is expected 2H 2025, with gas accepted 1H 2026. This delivers the APA binding agreement targeted earlier for the NT GSA.
6 Dec 2024other● Neutral
Appendix 4A for November 2024: CDIs on issue fell by 22.6M to 1,739,854,400 on net transfers to NYSE-held common stock. Administrative filing. Common stock count is revised to 5,837,502 from 14,224,274.
18 Nov 2024drilling result▼ BadMajor
SS-2H ST1 was cased and suspended at 16,182 ft after a directional drilling tool failed, leaving a 5,906 ft horizontal, of which ~5,577 ft is to be stimulated. SS-3H drilling starts immediately, stimulation of at least 34 and 60 stages is planned for 1Q 2025, and IP30 results remain on track for 1Q 2025.
13 Nov 2024investor presentation● Neutral
1Q FY25 results presentation dated 12 November 2024, hosted by the CEO. Visible text is disclaimers only, including a going-concern risk warning and no material revenue expected until 2026. No new figures can be reported.
13 Nov 2024drilling result▼ BadMajor
SS-2H reached 20,669 ft in 35 days, but a downhole mechanical issue forced it to be plugged and sidetracked (SS-2H ST1, ~US$5M extra cost). Cash was US$74.0M, plus US$7.6M net from selling the US rig. IP30 results still expected Q1 2025.
8 Nov 2024other● Neutral
Appendix 4A for October 2024: CDIs on issue fell by 31.8M to 1,762,405,800, from net transfers into common stock held on the NYSE. Common stock stays at 14,224,274. Administrative filing.
7 Nov 2024listing compliance notice▼ Bad
Appendix 4A CDI statements for July to September 2024 were lodged late due to an administrative oversight. CDIs on issue fell to 2,024,493,400 at end-July from 2,060,287,200 as holders moved to NYSE-held common stock. Minor compliance lapse.
5 Nov 2024other● Neutral
Notice that Tamboran will release 1Q FY25 earnings on 12 November 2024 (US time) with a CEO webcast. Administrative scheduling notice with no results. It mistakenly calls them fourth quarter earnings.
18 Oct 2024annual report● Neutral
2024 Annual Report for the year to 30 June 2024. The chairman's letter restates the 2 Bcf/d production ambition by end-2030 and that Liberty's frac fleet will complete SS-2H and SS-3H in Q4 2024. The extract is truncated, so no financials are available.
23 Sept 2024other● Neutral
2024 Corporate Governance Statement against ASX principles, noting the June 2024 NYSE listing led to updated charters and policies. Administrative; no new substantive events.
23 Sept 2024annual report● Neutral
Form 10-K annual report for the year ended 30 June 2024, the first as a US-listed company. 14,224,274 shares were outstanding at 20 September 2024. The extract is truncated, so financials are not available.
23 Sept 2024other● Neutral
Appendix 4G governance checklist for FY ended 30 June 2024, board-approved 23 September 2024, pointing to the governance statement on the website. Administrative filing with no substance.