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Tamboran Resources Limited ( (AU:TBN) ) has provided an announcement.
Tamboran Resources Corporation has disclosed a change in the shareholding of director Scott D. Sheffield, who increased his indirect and direct interests in the company’s common stock. The update, lodged with the ASX, reflects his participation in a recent entitlement offer, signalling continued support from the board member and potentially reinforcing investor confidence in the company’s capital management strategy.
According to the notice, Sheffield acquired 28,545 additional common shares for a consideration of $999,075, lifting his directly held stake to 209,819 shares, alongside existing holdings managed via Merrill Lynch and Charles Schwab. The transaction underscores board-level alignment with shareholders in the ongoing equity raising process and provides the market with greater transparency around insider ownership.
More about Tamboran Resources Limited
Tamboran Resources Corporation is an energy company focused on the exploration and development of natural gas resources. The company’s activities involve issuing and managing common stock, with its securities listed on the ASX, and its leadership and major shareholders periodically updating their holdings in line with market and regulatory requirements.
Average Trading Volume: 3,073,870
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.28B
Find detailed analytics on TBN stock on TipRanks’ Stock Analysis page.