Tamboran Resources (TBN) Announces Proposed IPO

Tamboran Resources (NYSE: TBN) has filed for a proposed IPO.

The company describes itself as: "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."

BofA Securities, Citigroup and RBC Capital Markets will serve as lead underwriters.

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