secwatch.observer — SEC 8-K summary
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Issuer:     Tamboran Resources Corp (TBN)
CIK:        0001997652
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001193125-24-189916
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tamboran completes NYSE IPO raising US$82M; SS-1H well achieves record flow rate in Beetaloo Basin
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- IPO of 3.4M shares at US$24.00 raised US$82M (gross) to fund two-well 2024 drilling program.
- SS-1H well IP90 average of 2.9 MMcf/d over 1,644 ft, normalized to 5.8 MMcf/d – highest rate in Beetaloo.
- Signed binding 9-year GSA with NTG for 40 TJ/day (~19 TJ/day net) from Shenandoah South Pilot Project.
- As at 30 June 2024, cash A$111.6M (US$73.9M) with no debt; H&P convertible note converted to equity.
- Two-well drilling (SS-2H, SS-3H) with ~10,000 ft laterals planned H2 2024; flow results expected Q1 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997652/000119312524189916/0001193125-24-189916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997652/000119312524189916/d865166d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-189916

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