Tamboran Resources Launches US$198 Million Equity Raise to Accelerate Beetaloo Basin Development

• Equity raise targets US$198 million at a 22.8% discount to recent share prices
• Approximately 5.7 million new shares or equivalent CDIs to be issued, diluting existing shareholders by 25%
• Funds will support additional drilling, resource delineation, and infrastructure in the Beetaloo Basin
• Offer managed by RBC Capital Markets, Wells Fargo Securities, and E&P Capital Pty Limited