Tamboran Resources (TBN) Registration Filing summary

Company overview and business model

• Focuses on natural gas exploration and production in the Beetaloo Basin, Northern Territory, Australia, holding approximately 1.9 million net prospective acres, making it the largest acreage holder in the region.

• Aims to support the global energy transition by developing commercial natural gas production with net zero equity Scope 1 and 2 emissions.

• Headquartered in Sydney, Australia, with operations concentrated in the Beetaloo Basin since 2014.

Financial performance and metrics

• No material revenue expected until 2026 due to early stage of development and limited operating history.

• Recurring operational losses, negative cash flows, and cumulative net losses raise substantial doubt about ability to continue as a going concern.

Use of proceeds and capital allocation

• Will not receive any proceeds from the sale of common stock by selling securityholders.