Tamboran reports record IP20 flow rate of 10.3 MMcf/d; completes US$188M capital raise

Tamboran Resources Corp

Record IP20 flow rate of 10.3 MMcf/d from SS-6H well; stable rate of 8.8 MMcf/d at ~580 psi.
Farmed down ~10,000 acres to Daly Waters Energy for US$28.5M carry with structured off-ramp.
Completed US$188M net capital raise (Apr 2026): US$119M public offer at $35/sh plus entitlements.
Cash US$95M, net debt US$23M as of Mar 31; pro forma cash US$298M post-April raise.
SPCF 88% complete, on track for first gas in Q3 2026; 2026 program targets ≥4 wells drilled.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.