Tamboran Resources, a natural gas E&P focused on the Beetaloo Basin in the Northern Territory of Australia, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The company is currently listed on the Australian Securities Exchange under the symbol "TBN."
Tamboran Resources is an early stage independent natural gas exploration and production company focused on the commercial development of resources in the Beetaloo Basin located within the Northern Territory of Australia. The company and its working interest partners have exploration permits to approximately 4.7 million contiguous gross acres (approximately 1.9 million net acres to Tamboran) and are currently the largest acreage holder in the Beetaloo.
The Barangaroo, Australia-based company was founded in 2009 and plans to list on the NYSE under the symbol TBN. Tamboran Resources filed confidentially on February 2, 2024. BofA Securities, Citi, and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
