Member Info for schlemiel

Nm

Tamboran closes first tranche of PIPE to fund SS Pilot Project

Published: 14:57 30 May 2025 AEST

Tamboran Resources Corporation has successfully closed the first tranche of its previously announced Private Investment in Public Equity (PIPE) of Common Stock. Proceeds will fund ongoing drilling activity towards plateau production from the proposed Shenandoah South (SS) Pilot Project. The second tranche, if completed, is expected to bring total gross proceeds to approximately US$55.4 million (AU$84.5M).

Under the first tranche, Tamboran issued 2,180,515 shares of Common Stock at US$17.74 per share, raising approximately US$38.7 million before placement agent fees and other offering expenses. Bank of America acted as the sole placement agent.

Funding to support plateau production targets

Proceeds from the first tranche will be directed towards development and drilling work necessary for Tamboran to achieve plateau production from the SS Pilot Project.

This project represents a critical step in advancing the company's operations in the Beetaloo Sub-basin, Northern Territory. Tamboran is targeting an efficient transition into early production, leveraging its current exploration and appraisal activities.

The company expects these developments to significantly de-risk the commercialisation of its substantial unconventional gas resources. The second tranche of the PIPE, anticipated to close pending regulatory approvals and customary closing conditions, will further strengthen the company’s financial capacity to meet these goals.

Details of share issuance and transaction structure

As part of the first tranche closing, Tamboran issued 2,180,515 shares of Common Stock to investors at a price of US$17.74 per share. This resulted in gross proceeds of approximately US$38.7 million.

Bank of America acted as the sole placement agent for the offering.

The second tranche, if executed as planned on or around August 18, 2025, will provide additional funding of US$16.7 million. Both tranches were offered under Tamboran’s previously filed registration statement with the US Securities and Exchange Commission (SEC). Finalisation of the second tranche remains subject to applicable conditions.

https://www.proactiveinvestors.com.au/companies/news/1071953/american-rare-earths-progresses-cowboy-state-mine-permitting-with-key-environmental-milestone-1071953.html

Trump doesn't believe in tariffs, he sees tariffs as a form of leverage but I suspect his instincts are anti-tariff.

Trade with China must be curtalied. China is a Marxist totalitarian state that seeks to spread its malign influence. The last thing we should be doing is enriching it thereby making it stronger and a more potent threat by trading with it.

The west must become self-sufficient.

APA-Beetaloo interview from pg 44

Https://petroleumaustralia.com.au/mag/JUNE2025.html

They've got the cash now start the drilling

from today's news release:

Uses of funds from the private placement include:

• Drilling of the remaining three wells required for Tamboran’s proposed 40 million cubic feet per day

(MMcf/d) Pilot Project at the Shenandoah South location in the Beetaloo Basin to reach first

production, which is planned for mid-2026, subject to weather and standard stakeholder approvals;

• Funding of the Sturt Plateau Compression Facility until Tamboran and DWE finalize terms with

lenders; and

• General working capital.

-----------

“The NT Government has put up a big sign saying, ‘open for business… we support business, and we are going to support investment.' – Santos MD and CEO Kevin Gallagher told an NT Government Breakfast on the Beetaloo at the Australian Energy Producers Conference on Wednesday.

“I have always said the Beetaloo is a really exciting prospect and if we can make it work, the Beetaloo will be transformational… creating highly paid jobs, and transforming communities. That’s exciting and I want to be part of something like that.”

With strong support from the NT Government, the right regulatory frameworks taking shape, and collaboration across industry, we believe the Beetaloo has the potential to:

✔️ Deliver energy security for Australia and our region

✔️ Create high-paying jobs and generate revenue

✔️ Drive real economic growth for NT communities

https://www.linkedin.com/posts/santos-ltd_the-nt-government-has-put-up-a-big-sign-activity-7333782917157949440-ds4Y

-

Nice photo of Empire, Tamboran, Daly Waters and Santos all together at the same presentation with the NTG, Beetaloo

Not holding but interested should anything of note materialise

Thanks.

Let's see what they uncover.

Speaker: APA Group CEO and Managing Director, Adam Watson

Delivery: Thursday, 29 May 2025

https://www.apa.com.au/news/asx-and-media-releases/keynote-address-to-the-queensland-energy-club

''Our east coast plan also links to the emerging potential of the Beetaloo Basin in the Northern Territory – another government open for private sector investment.

The Northern Territory government estimates there are over 200,000 petajoules of gas in the Beetaloo, which could be used to support both Australia’s domestic requirements, as well as export markets, into 2050 and beyond.

APA has set out a clear long-term plan to ensure the necessary transport infrastructure is in place to support gas from the Beetaloo Basin — unlocking new domestic supply that will be transported through Queensland.

And the Beetaloo won’t just support domestic gas needs – it will also boost Queensland’s LNG export market. It makes a lot of sense to send Beetaloo gas down south, to our South West Queensland Pipeline, so LNG exporters can utilise Queensland’s existing LNG pipelines, processing facilities and ports, to export Beetaloo gas to their global trading partners.''

Tamboran Resources TBN

Northland Capital

Outperform

$36

The Campaign Highlights:

Multiple positions are available for immediate recruitment, including Roughnecks/Floorhands, Motorhands, Rig Welders, and Rig Electricians.

3rd campaign in Australia after breaking drilling records with their first campaign in the Beetaloo basin

Enjoy industry-leading remuneration packages.

This campaign could see you first in line to secure a long-term drilling contract.

Benefit from balanced 3/3 rosters.

Operate in the Beetaloo Basin, Northern Territory.

FIFO options are available with comprehensive support for transport, meals, and accommodation.

Gain invaluable experience working alongside a top-tier international crew.

Rig-ready tickets and qualification training.

Key Requirements / Skills:

Demonstrable experience in relevant positions within the Oil & Gas sector, either onshore or offshore.

Possession of relevant qualifications, tickets, or equivalent experience.

Prior exposure to physically demanding roles.

Previous FIFO or DIDO experience.

Flexibility to mobilise as required.

Valid Driver's License.

-----------

Who We Are:

At Harness Energy, we thrive on unlocking the potential of our clients, stakeholders, and workforce. As an award-winning Queensland-based company, we specialise in providing Labor Hire Services and Industry Training across various sectors. From major corporations to small and medium-sized enterprises, we cater to a diverse clientele.

Currently, we are actively seeking experienced onshore/offshore drilling crews to join multiple Oil and Gas Drilling campaigns across Australia.

What’s on Offer:

Top-tier day rates – some of the best in the onshore drilling game

Floorhands, Motorhands and Trade Positions Available

FIFO from major hubs – all transport, meals & accommodation covered

Work on a US Super-Spec Triple Rig – drilling horizontal sections over 4,000m

Balanced 3/3 roster – time on, time off

Kick-off in July 2025 – get in early for first-round mobilisation

Path to long-term contracts – this isn’t just a job, it’s a career move

Partner with a Global Leader & US-Based Drilling Giant:

Embrace a rare opportunity to work with one of the world's largest and most reputable drilling contractors renowned for their quality and integrity.

Experience the unique privilege of launching an international drilling initiative right here in Australia.

Be among the pioneering team members to operate a cutting-edge triple rig featuring technology unprecedented in the Australian market.

Work on an Innovative "Australia First" Super-Spec Rig:

Upon deployment, the rig is poised to become the nation's most potent onshore drilling platform, capable of drilling over 4,000-meter horizontal sections within the Mid-Velkerri "B Shale."

This advancement is anticipated to significantly reduce the cost per unit of recoverable gas and minimise environmental impact.

cont.....

Https://www.seek.com.au/job/84519135?ref=search-standalone&type=standard&origin=jobTitle#sol=fb7fbfda73407eeaea28ca0d82387664fca862c8

No

Https://energyproducersconference.au/technical-business-program-speakers-2/

Tamboran and Liberty are speaking

How much is this worth in commercial terms?

Conclusion: A Bright Future for Borders and Southern

Borders and Southern Petroleum PLC stands at an exciting juncture. With a world-class discovery offshore the Falkland Islands, a strengthened financial position, and growing market interest, the company is well-positioned to advance its projects and deliver value to shareholders.

Harry Baker’s insights reveal a company that is both confident and strategic, focused on long-term success rather than short-term gains. The fundraising campaign is a key enabler, providing the runway to negotiate the right deals and move the project forward with the right partners.

The broader industry trends, including a renewed focus on securing oil projects amid global energy uncertainties, create a favourable backdrop for Borders and Southern’s ambitions. As the company continues to engage with potential partners and build on its strong asset base, the coming years promise to be transformative.

For investors and industry observers, Borders and Southern is a story worth watching—a company with a compelling asset, a clear strategy, and the determination to capitalise on one of the most promising oil exploration regions in the world.

https://www.share-talk.com/aoka-mizu-fpso-is-planned-for-the-sea-lion-project-in-the-falkland-islands/

The Falkland Islands: A Unique Opportunity

Baker highlighted that the current landscape for oil exploration in the Falkland Islands is markedly different from past drilling campaigns. Previously, there were multiple companies vying for attention in the region, but now the focus has narrowed significantly. With only Borders & Southern and Rockhopper remaining as the primary players, there is a sense of urgency and opportunity as the industry seeks to tap into the rich resources of the Falkland Basin.

Strategic Positioning in a Competitive Market

The CEO articulated the importance of Borders & Southern’s strategic positioning. With a focus on delivering results, the company is keenly aware of the competitive landscape and the potential for lucrative partnerships. Baker pointed out that the company boasts a world-class asset, with a near-term development story that includes a significant amount of recoverable oil. This positions them favorably as they engage with potential farm-out partners.

Creating Competitive Tension

To facilitate the right deals, Borders & Southern is working with farm-out advisers to create a competitive environment. This competitive tension is vital in ensuring that the company can secure the best possible arrangements for its assets. Baker expressed optimism about the growing interest in their projects, stating that the congregation of companies interested in their story is widening.

Future Outlook: What Lies Ahead for Borders & Southern

Looking ahead, Baker conveyed a sense of excitement about the future of Borders & Southern. The company has a dedicated team working tirelessly to deliver value to its shareholders. Baker acknowledged the loyalty of long-term shareholders and expressed gratitude for their support as the company embarks on new ventures.