HITE & Niblack Disclose 7.22% Stake in Tamboran (TBN) — 1.21M Shares

Rhea-AI Filing Summary

Tamboran Resources Corporation is reported to have a new disclosed stake held by HITE Hedge Asset Management LLC, HITE Hedge Asset Management LP and Robert Matthew Niblack totaling 1,206,725 shares, equal to 7.22% of the outstanding common stock. The filing shows the reporting parties have shared voting power and shared dispositive power over these shares and explicitly reports no sole voting or dispositive power. The statement certifies the position was acquired and is held in the ordinary course of business and was not acquired to change or influence control of the issuer. The reporting persons are identified as an investment adviser, a limited partnership and an individual.

Positive

• Material stake disclosed: The reporting parties collectively own 1,206,725 shares, representing 7.22% of the class, a material holding above 5%.
• Transparency of intent: The filing includes a certification that the position was acquired and is held in the ordinary course and not to influence control of the issuer.

Negative

• None.

Insights

Financial Analyst

TL;DR: A material 7.22% stake is disclosed by HITE and an individual, declared held in the ordinary course with no intent to influence control.

The filing reports 1,206,725 shares (7.22%) beneficially owned collectively by HITE Hedge Asset Management LLC, HITE Hedge Asset Management LP and Robert Matthew Niblack, with shared voting and dispositive power and no sole power. The statement includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control. For investors, the position is materially sized by percentage, while the certification signals the filers characterize the stake as passive.

Corporate Governance Expert

TL;DR: Shared voting/dispositive power over a 7.22% position is reported; the filing denies control intent, so immediate governance impact appears limited.

The disclosure indicates the reporting persons hold shared voting and shared dispositive authority for the reported shares and explicitly report no sole voting or dispositive power. Items in the filing list classifications for the filers (including an investment adviser and an individual) and state that group and control-related items are not applicable. The certification that the stake was not acquired to influence control is a key governance statement contained in the filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Tamboran Resources Corporation

(Name of Issuer)

Common stock, par value $0.001 per share

(Title of Class of Securities)

87507T101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 87507T101

1

Names of Reporting Persons

HITE Hedge Asset Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,206,725.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,206,725.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,206,725.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.22 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 87507T101

1

Names of Reporting Persons

HITE Hedge Asset Management LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,206,725.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,206,725.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,206,725.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.22 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 87507T101

1

Names of Reporting Persons

Robert Matthew Niblack

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,206,725.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,206,725.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,206,725.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.22 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Tamboran Resources Corporation
(b)	Address of issuer's principal executive offices: LEVEL 39, SUITE 1, TOWER ONE, 100 BARANGAROO AVENUE, BARANGARO, AUSTRALIA 2000
Item 2.
(a)	Name of person filing: HITE Hedge Asset Management LLC HITE Hedge Asset Management LP Robert Matt Niblack
(b)	Address or principal business office or, if none, residence: 25 Braintree Hill Office Park, Suite 310 Braintree, MA 02184
(c)	Citizenship: HITE Hedge Asset Management LLC is a Delaware limited liability company HITE Hedge Asset Management LP is a Delaware limited liability company Robert Matt Niblack is a citizen of the United States
(d)	Title of class of securities: Common stock, par value $0.001 per share
(e)	CUSIP No.: 87507T101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1206725
(b)	Percent of class: 7.22 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: N/A
	(ii) Shared power to vote or to direct the vote: 1206725
	(iii) Sole power to dispose or to direct the disposition of: N/A
	(iv) Shared power to dispose or to direct the disposition of: 1206725
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HITE Hedge Asset Management LLC

Signature:	Howard Rubin
Name/Title:	COO, CFO, CCO
Date:	08/08/2025

HITE Hedge Asset Management LP

Signature:	Matt Niblack
Name/Title:	Managing Member
Date:	08/08/2025

Robert Matthew Niblack

Signature:	Matt Niblack
Name/Title:	Individual
Date:	08/08/2025

FAQ

How many shares of Tamboran (TBN) do HITE and Robert Niblack report?

The filing reports 1,206,725 shares beneficially owned collectively by HITE Hedge Asset Management LLC, HITE Hedge Asset Management LP and Robert Matthew Niblack.

What percentage of Tamboran (TBN) does the reported position represent?

The reported position represents 7.22% of the outstanding common stock.

Do the reporting parties have sole voting or dispositive power over the shares?

No. The filing shows 0 sole voting power and 0 sole dispositive power, with shared voting and shared dispositive power of 1,206,725 shares.

Was the stake reported as intended to influence control of Tamboran (TBN)?

No. The certification in the filing states the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Who are the reporting persons named in the filing for TBN?

The reporting persons are HITE Hedge Asset Management LLC (identified as an investment adviser), HITE Hedge Asset Management LP, and Robert Matthew Niblack (individual).