12 Feb 2025quarterly activities report▼ Bad
Tamboran filed an 8-K on 12 February 2025 furnishing its earnings presentation and press release for the quarter ended 31 December 2024. The filing itself gave no financial figures.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Feb 2025quarterly activities report▼ Bad
Tamboran Resources Corp reported quarterly revenue of $0 and a net loss of $14.2 million for the period ended 2024-12-31.
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 2025director interest notice● Neutral
Tamboran Resources Corp insider Richard K Stoneburner received 6,889 shares as part of the equity award.
3 Feb 2025director interest notice● Neutral
Tamboran Resources Corp insider Ryan Dalton received 4,227 shares as part of the equity award.
3 Feb 2025director interest notice● Neutral
Tamboran Resources Corp insider Stephanie L Reed received 4,227 shares as part of the equity award.
3 Feb 2025director interest notice● Neutral
Tamboran Resources Corp insider Fredrick J Barrett received 2,505 shares as part of the equity award.
3 Feb 2025director interest notice● Neutral
Tamboran Resources Corp insider Patrick James Dymock Elliott received 2,309 shares as part of the equity award.
3 Feb 2025director interest notice● Neutral
Tamboran Resources Corp insider Andrew John Robb received 2,505 shares as part of the equity award.
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.
3 Feb 2025director interest notice● Neutral
Tamboran Resources Corp insider David N Siegel received 4,619 shares as part of the equity award.
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.
13 Nov 2024quarterly activities report● Neutral
Form 10-Q for the quarter to 30 September 2024. The extract is limited to the cover page and balance sheet headings, with 14,224,274 shares outstanding at 1 November 2024. Financial figures are not readable here.
12 Nov 2024quarterly activities report▼ Bad
Tamboran filed an 8-K on 12 November 2024 furnishing its earnings presentation and press release for the quarter ended 30 September 2024. The filing itself contained no financial figures.
12 Nov 2024quarterly activities report▼ Bad
Tamboran Resources Corp reported quarterly revenue of $0 and a net loss of $5.9 million for the period ended 2024-09-30.
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.
7 Nov 2024agm notice● Neutral
At the 4 November 2024 annual meeting, stockholders elected the three Class I directors (Barrett, Elliott, Reed) and ratified Ernst & Young as auditor. Votes cast favored the H&P share ratification, the Daly Waters issue of 312,500 shares and the Ryan Dalton share-in-lieu-of-fees approval.
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.