Tamboran launches dual equity offerings to fund Beetaloo drilling and development

Tamboran Resources Limited ( (AU:TBN) ) has shared an announcement.

Tamboran Resources has launched a registered direct institutional entitlement offer of common stock to qualified institutional buyers and accredited investors in the U.S., alongside an equivalent offer to eligible existing holders of common stock or CHESS Depositary Interests outside the U.S. In parallel, the company is running a separate underwritten public offering of up to 3.4 million shares, with proceeds earmarked for additional drilling in its Beetaloo Basin pilot area, resource delineation in the Orion Acreage and Beetaloo Central Development Area, drilling in EP 161, and general corporate purposes, underscoring its push to accelerate commercialisation of its Northern Territory gas assets.

The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.

More about Tamboran Resources Limited

Tamboran Resources Corporation is an independent natural gas exploration and production company focused on developing natural gas resources in Australia’s Beetaloo Basin in the Northern Territory. Through its subsidiaries, the company controls about 1.9 million net prospective acres, making it the largest acreage holder in the Beetaloo Basin and positioning it as a key player in this emerging gas province.

Average Trading Volume: 2,453,998

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.41B

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