Tamboran Resources’ AU 35 Million Private Placement

Squire Patton Boggs has advised Tamboran Resources Ltd on the transaction.

Tamboran Resources Ltd executed its AU$35 million private placement to renowned Texan businessman Mr. Bryan Sheffield and other existing institutional investors.

Mr. Sheffield contributed AU$20 million of the $35 million raised. He has significant investment experience in the US unconventional energy sector and previously served as the Chairman, CEO and founder of Parsley Energy Inc., a major independent unconventional oil and gas producer in the Permian Basin that was acquired by Pioneer Natural Resources Company in January 2021 for US$7.3 billion. His AU$20 million investment in Tamboran signifies a vote of confidence in the company’s bid to source low-carbon dioxide gas from the Northern Territory Beetaloo Sub-Basin.

Tamboran is a natural gas explorer that holds premium acreage in the highly prospective Beetaloo/McArthur Basins in the Northern Territory of Australia and focusses on the development of low CO2 unconventional gas resources. The placement funds will assist Tamboran to accelerate the commercialisation of its exploration projects in the Beetaloo Sub-Basin. It brings the total amount raised by Tamboran to AU$114 million over the last 12 months.

The Squire Patton Boggs team led by Sydney-based Corporate partner Ashley Rose (Picture) advised Tamboran on all aspects of these transactions. He was supported by partners Masi Zaki and Natalie Lonergan and associates Sophie Davey, Graham Johnson and Kate Spratt.

Involved fees earner: Sophie Davey – Squire Patton Boggs; Graham Johnson – Squire Patton Boggs; Natalie Lonergan – Squire Patton Boggs; Ashley Rose – Squire Patton Boggs; Kate Spratt – Squire Patton Boggs; Masi Zaki – Squire Patton Boggs;

Law Firms: Squire Patton Boggs;

Clients: Tamboran Resources;