secwatch.observer — SEC 8-K summary
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Issuer:     Tamboran Resources Corp (TBN)
CIK:        0001997652
Form:       8-K
Filed at:   2026-05-13T20:05:56+00:00
Accession:  0001628280-26-034591
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997652/000162828026034591/0001628280-26-034591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997652/000162828026034591/trc-20260513.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-034591

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