Welcome to our dedicated page for Tamboran Resources news (Ticker: TBN), a resource for investors and traders seeking the latest updates and insights on Tamboran Resources stock.
Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) is a natural gas exploration and production company focused on unconventional gas resources in the Beetaloo Sub-basin in Australia’s Northern Territory. The TBN news feed highlights company announcements, operational milestones and capital markets activity that shape its Beetaloo-focused growth strategy.
Investors following TBN news can see updates on the Shenandoah South Pilot Project, including drilling progress, stimulation plans and long-term production testing across multi-well programs. Recent releases describe the completion of the largest Beetaloo Basin drilling program to date, with horizontal wells such as SS-4H, SS-5H and SS-6H drilled and cased ahead of stimulation, and the use of modern drilling and stimulation technologies from partners like Baker Hughes and Liberty Energy.
The news flow also covers key regulatory and commercial milestones, such as approval under the Northern Territory Government’s Beneficial Use of Gas legislation, the first approval of its kind, and the execution of a binding Gas Sales Agreement to supply gas to the NT Government. Financing developments feature prominently, including underwritten public offerings of common stock, PIPE transactions, a security purchase plan for CDI holders and a syndicated debt facility for the Sturt Plateau Compression Facility.
Corporate and strategic updates appear in TBN news as well, including the appointment of Todd Abbott as Chief Executive Officer, the transition of Richard Stoneburner back to his role as Chairman, and the planned acquisition of Falcon Oil & Gas Ltd. to expand Tamboran’s net prospective acreage. Earnings release schedules, webcasts and shareholder meeting information are also announced through press releases.
For readers tracking TBN, the news page provides a consolidated view of operational updates from the Beetaloo Basin, regulatory approvals, financing transactions and governance changes that influence Tamboran’s development path.
Tamboran Resources has set the price for its upcoming US IPO at $24.00 per share.
The offering includes 3,125,000 shares, aiming to raise $75 million in gross proceeds. The funds will be used for drilling activities in the Beetaloo Basin's Shenandoah South Pilot Project.
Tamboran's shares will begin trading on the NYSE under the ticker 'TBN' on June 27, 2024. The offering is expected to close on June 28, 2024, pending customary conditions.
Underwriters have a 30-day option to purchase an additional 468,750 shares at the IPO price. BofA Securities, Citigroup, and RBC Capital Markets are leading the offering, with Johnson Rice & Company and Piper Sandler as co-managers.
The registration statement was declared effective by the SEC on June 26, 2024.