---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-025482"
form_type: "8-K"
ticker: "TBN"
cik: "0001997652"
company_name: "Tamboran Resources Corp"
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T10:48:55.031633+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tamboran raises $55.4M PIPE, completes SS-2H ST1 stimulation, begins flow test

## Summary
- SS-2H ST1 well: 35 stages over 5,483 ft, 62-day soak, flow testing started mid-May 2025; IP30 expected mid-June.
- PIPE raised $55.4M (pre-fees) at $17.74/share, 15% discount; $44.4M closing May 16, $11M subject to shareholder approval.
- Checkerboard with DWE finalized; DWE acquires 100,000 acres for $15M, subject to approvals.
- 406,693 gross acres reserved as Phase 2 Development Area; RBC Capital Markets engaged for farmout.
- Pro forma cash ~$96M; company fully funded for drilling three wells from mid-2025 and stimulation campaign for four wells.

## SEC filing metadata
- accession: 0001628280-25-025482
- form_type: 8-K
- ticker: TBN
- cik: 0001997652
- company_name: Tamboran Resources Corp
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1997652/000162828025025482/0001628280-25-025482-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1997652/000162828025025482/trc-20250514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-025482
- JSON: https://secwatch.observer/filing/0001628280-25-025482.json
- Plain text: https://secwatch.observer/filing/0001628280-25-025482.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.