Tamboran Resources opens at $22.50, IPO priced at $24

Tamboran Resources priced of its initial public offering of 3.125M shares of common stock at a price to the public of $24.00. BofA Securities, Citigroup, and RBC Capital Markets are acting as joint book-running managers for the proposed offering. Tamboran Resources, through its subsidiaries, is the largest acreage holder and operator with approximately 1.9M net prospective acres in the Beetaloo Sub-basin within the Greater McArthur Basin in the Northern Territory of Australia.