Clifford Chance advises underwriters and placement agent in Tamboran Resources Corporation’s offerings of common stock totaling approximately US$197.5 million

Global law firm Clifford Chance advised the underwriters in connection with Tamboran Resources Corporation’s underwritten public offering of common stock, consisting of 2,956,602 shares of Tamboran’s common stock sold at a public offering price of US$35.00 per share. The underwriters exercised in full their option to purchase an additional 443,491 shares of common stock. Gross proceeds from the offering were approximately US$118.2 million, before underwriting discounts and offering expenses.

Concurrently, Clifford Chance advised the placement agent in Tamboran’s first-of-its-kind registered direct institutional entitlement offering of common stock to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain accredited institutional investors. Tamboran also conducted a simultaneous placement of CHESS Depositary Interests (CDIs) to non-US persons in compliance with Regulation S of the Securities Act, with each CDI representing 1/200th of one share of common stock. Gross proceeds from the entitlement offering and CDI placement were approximately US$79.3 million, before offering expenses, bringing the offerings’ gross proceeds to approximately US$197.5 million.

The multijurisdictional Clifford Chance team was led by partners Trevor Lavelle (Houston), Andrew Epstein (New York), Liz Humphry (Perth, Australia) and David Clee (Sydney) along with senior associates Tash Tourabaly (Perth, Australia) and Anthony Yelavich (Sydney) and capital markets associates Paul Lakkis (New York), Johnathan Walker (Houston), Matthew Henson (New York), and Sophia Navedo‑Quinones (Houston). They were supported by Houston partner Om Pandya on securities laws matters, and on tax matters by Houston partner Todd Lowther and New York associate Sharon Yu.