RE: Hobbs19 Nov 2023 18:04
Additional tho :-
Pantheon also issued news last week. There’s more about that in Exploration News, but one aspect I’ll mention here is their planned move towards a US listing, in respect of which the programme of transition (restructuring and implementing controls and governance processes to become Sarbanes-Oxley compliant) is targeted to be completed by 1H 2025. The attractions of this were well summed up by Tamboran Resources (TBN.AX), which announced last month its intention to re-domicile from Australia to the United States, delisting from the ASX. It says the scheme will best position Tamboran for the next phase of its growth by better positioning the company in a deeper capital market where shale investors are more active, providing access to a broader US investor pool, which is more familiar with shale developments and was previously unable or unlikely to invest in non-US securities, improving the valuation of the company and also improving access to lower-cost US debt and equity capital markets. Tamboran is shale, but the arguments apply equally to Pantheon, as indeed to many other companies.