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Tamboran Resources Limited ( (AU:TBN) ) has shared an update.
Tamboran Resources Corporation has successfully completed its security purchase plan, raising approximately A$17.42 million through the issuance of new Chess Depositary Interests at a discounted price. The funds, along with proceeds from recent US public offerings, will be used to support Tamboran’s development plans and general corporate purposes, potentially strengthening its position in the natural gas industry.
More about Tamboran Resources Limited
Tamboran Resources Corporation is an independent natural gas exploration and production company focused on developing natural gas resources in the Beetaloo Basin in the Northern Territory of Australia. It holds approximately 1.9 million net prospective acres, making it the largest acreage holder in the Beetaloo Basin.
Average Trading Volume: 2,997,785
Technical Sentiment Signal: Buy
Current Market Cap: A$740.9M
See more insights into TBN stock on TipRanks’ Stock Analysis page.