Aussie Shale's Tamboran Resources Prices IPO in Range but for Fewer Shares [Yahoo! Finance]
Tamboran Resources Corporation Common stock (TBN)
Company Research
Source: Yahoo! Finance
The E&P, Sydney-based Tamboran Resources Corp. , will begin trading June 28 on the NYSE as TBN. Proceeds will fund ongoing drilling in Tamboran's Shenandoah South pilot in the Velkerri shale in the Beetaloo Basin, where it holds 4.7 million contiguous gross acres; net, 1.9 million acres. The Beetaloo is in north-central Australia south of Darwin. Underwriters have a 30-day option to buy up to 468,750 additional shares at $24. The option was reduced from initial expectations of up to 975,000 shares. The estimated IPO price range was between $24 and $27, with the uppermost price and number of shares raising as much as $202 million. The total raise will be $86.25 million instead, if all of the option is subscribed. Among those buying the pre-trading shares were existing shareholders Sheffield Holdings LP and Liberty Energy . Tamboran trades on the Australian Securities Exchange as TBN. U.S. shale wildcatter Bryan Sheffield held 16.7% of Tamboran's stock prior to the IPO. Sheff
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News
- Tamboran Schedules Fourth Quarter and FY24 Earnings Release and WebcastBusiness Wire
- EP 98 Operational Update: Tamboran Commence Shenandoah South Pilot Project drilling programBusiness Wire
- BOJ to debate rate hike timing as Fed opens door to cuts [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tamboran Announces Partial Exercise of Underwriters’ Over-Allotment OptionBusiness Wire
- Tamboran Resources Corp (NYSE: TBN) is now covered by analysts at Johnson Rice. They set a "buy" rating and a $47.00 price target on the stock.MarketBeat
TBN
Sec Filings
- 9/4/24 - Form 4
- 7/31/24 - Form 8-K
- 7/30/24 - Form 8-K
- TBN's page on the SEC website