Tamboran Resources Commences Public Offering of Common Stock

Date: April 7, 2026

Company: Tamboran Resources Corporation (NYSE/ASX: TBN)

Key Highlights

• Underwritten Public Offering Launched: Tamboran Resources Corporation has commenced an underwritten public offering of 2,956,602 shares of its common stock. The company expects to grant underwriters a 30-day option to purchase up to an additional 443,491 shares.
• Use of Proceeds: The net proceeds from this offering are earmarked for additional drilling in the Pilot Area, resource delineation in the Orion Acreage and the Beetaloo Central Development Area, drilling in the EP 161 acreage, as well as for working capital and other general corporate purposes.
• Joint Book-Running Managers: RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
• Concurrent Institutional Entitlement Offer: Alongside the public offering, Tamboran is conducting a registered direct institutional entitlement offer of common stock to “qualified institutional buyers” (as defined under Rule 144A of the Securities Act) or “accredited investors” (per Rule 501). This entitlement offer is a separate transaction and is not contingent upon the completion of the underwritten offering, and vice versa.

Details for Investors

• How to Access the Prospectus: Investors can obtain the preliminary prospectus supplement and base prospectus free of charge from the SEC website or by contacting the joint book-running managers:
  • RBC Capital Markets, LLC: 200 Vesey Street, New York, NY 10281.
    Phone: 877-822-4089
    Email: [email protected]
  • Wells Fargo Securities, LLC: 90 South 7th Street, 5th Floor, Minneapolis, MN 55402.
    Phone: 800-645-3751 (option #5)
    Email: [email protected]
• Regulatory Statement: The shares are being offered under an effective shelf registration statement on file with the SEC. This communication is not an offer to sell or a solicitation to buy the shares in any jurisdiction where such an offer or sale would be unlawful.

Company Overview

Tamboran Resources Corporation is a growth-driven independent natural gas exploration and production company. It focuses on the commercial development of natural gas resources in the Beetaloo Basin, Northern Territory, Australia. Through its subsidiaries, Tamboran is the largest acreage holder in the Beetaloo Basin with approximately 1.9 million net prospective acres.

Potential Price Sensitive Information

• Capital Raise Impact: The public offering and entitlement offer could lead to dilution of existing shares, which may affect the share price in the short term. However, the proceeds are targeted towards high-value projects such as drilling and resource delineation in prospective acreage, which could enhance the company’s future value and resource base.
• Strategic Development: Funding additional drilling and resource delineation signals Tamboran’s commitment to expanding its asset base and accelerating development in the Beetaloo Basin, which has attracted significant industry and investor interest.
• Forward-Looking Statements: The announcement contains forward-looking statements regarding expected use of proceeds and future activities, which are subject to market and operational risks. Investors should review the company’s SEC filings for a full list of risk factors.

Contact Information

• Investor Enquiries: Chris Morbey, Vice President – Investor Relations and Corporate Development
  [email protected] | +61 2 8330 6626
• Media Enquiries: [email protected] | +61 2 8330 6626

Disclaimer

This article contains forward-looking statements. Actual results may differ materially due to various risks and uncertainties. This is not an offer to buy or sell securities. Investors should conduct their own due diligence and consult professional advisers before making investment decisions. For full details, please refer to Tamboran’s filings with the SEC.

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