Tamboran Prices US$103.5 Million Equity Offering to Accelerate Beetaloo Gas Development

Tamboran Resources Limited ( (AU:TBN) ) just unveiled an announcement.

Tamboran Resources has priced an underwritten public offering of 2,956,602 shares of common stock at US$35.00 per share, with a 30-day option for underwriters to purchase up to an additional 443,491 shares. The transaction is expected to generate gross proceeds of about US$103.5 million, with the offering scheduled to close on April 9, 2026, subject to customary conditions.

Net proceeds will be used to fund additional drilling in the company’s Pilot Area, resource delineation across its Orion Acreage and the Beetaloo Central Development Area, drilling in EP 161, as well as for working capital and general corporate purposes. The capital raise, led by joint bookrunners RBC Capital Markets and Wells Fargo Securities, is set to support Tamboran’s expansion plans in the Beetaloo Basin and could strengthen its operational scale and development pace in one of Australia’s most closely watched gas regions.

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 a growth-focused independent natural gas exploration and production company concentrating on the commercial development of 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

For a thorough assessment of TBN stock, go to TipRanks’ Stock Analysis page.