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Tamboran Resources Priced, NYSE: TBN

Natural gas E&P focused on the Beetaloo Basin in Northern Australia.

Industry: Energy

Latest Trade: $24.23 0.00 (0.0%)

First Day Return: -9.4%

Return from IPO: +1.0%

Industry: Energy

We are an early stage, growth-driven independent natural gas exploration and production company focused on an integrated approach to the commercial development of the natural gas resources in the Beetaloo located within the Northern Territory of Australia. We and our working interest partners have exploration permits (“EPs”) 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. We believe natural gas will play a significant role in the transition to cleaner energy and are committed to supporting the global energy transition by developing commercial production of natural gas in the Beetaloo with net zero equity Scope 1 and 2 emissions. The Beetaloo, located approximately 300 miles southeast of the city of Darwin in the Northern Territory of Australia, covers approximately seven million acres (approximately 10,800 square miles) of outback and is believed to contain significant quantities of unconventional natural gas resources. To date, more than $600 million has been invested by various public and private companies in the exploration, appraisal and development of the Beetaloo.
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IPO Data
IPO File Date 05/03/2024
Offer Price $24.00
Price Range $24.00 - $27.00
Offer Shares (mm) 3.1
Deal Size ($mm) $75
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/26/2024
Offer Price $24.00
Price Range $24.00 - $27.00
Offer Shares (mm) 3.1
Deal Size ($mm) $75
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BofA Securities
Citi
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Company Data
Headquarters Barangaroo, Australia
Founded 2009
Employees 30
Website www.tamboran.com

Tamboran Resources (TBN) Performance