04/09/2026 | Press release | Distributed by Public on 04/09/2026 15:21
| Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) | ||||
Public Offering of Common Stock
Highlights
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Tamboran Resources has commenced an underwritten public offering of 2,956,602 shares of Common Stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 443,491 shares of our Common Stock from the Company. |
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The Company intends to use the net proceeds of the offering to fund the additional drilling in the Pilot Area, resource delineation in the Orion Acreage and the Beetaloo Central Development Area, drilling in the EP 161 acreage,working capital and other general corporate purposes. |
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RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers of the offering. |
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Concurrently with the underwritten public offering, the Company is conducting a registered direct institutional entitlement offer of Common Stock pursuant to an effective registration statement filed with the Securities and Exchange Commission (the "SEC") to "qualified institutional buyers" within the meaning of Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), or institutions that are "accredited investors" within the meaning of Rule 501 under the Securities Act. The underwritten offering is a separate offering, and completion of the underwritten offering is not conditioned on completion of the entitlement offer, and vice versa. |
Other Information
The offering of these securities is being made only by means of the prospectus supplement and accompanying base prospectus as filed with the SEC. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the SEC's website at www.sec.gov under Tamboran's name or from the joint book-running managers as follows:
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RBC Capital Markets, LLC Attention: Equity Capital Markets 200 Vesey Street, New York, NY 10281 By telephone at 877-822-4089 By email at [email protected] |
Wells Fargo Securities, LLC 90 South 7th Street, 5th Floor, Minneapolis, MN
55402
By telephone at 800-645-3751 (option #5) By email |
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Tamboran Resources Corporation ARBN 672 879 024 Tower One, International Towers Suite 1, Level 39, 100 Barangaroo Avenue, Barangaroo NSW 2000, Australia |
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| +61 2 8330 6626 | www.tamboran.com |
The shares of common stock are being offered and will be sold pursuant to an effective shelf registration statement on file with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of the Company's common stock or any other securities, nor shall there be any sale of such shares of common stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended.
Investor enquiries:
Chris Morbey, Vice President - Investor Relations and Corporate Development
+61 2 8330 6626
Media enquiries:
+61 2 8330 6626
About Tamboran
Tamboran Resources Corporation (NYSE/ASX: TBN) is a growth-driven independent natural gas exploration and production company focused on an integrated approach to the commercial development of the natural gas resources in the Beetaloo Basin located within the Northern Territory of Australia. Through its subsidiaries, Tamboran holds approximately 1.9 million net prospective acres and is the largest acreage holder in the Beetaloo Basin.