Tamboran Director Fredrick Barrett Increases Equity Stake via RSU Vesting and PIPE Issuance
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Tamboran Resources Limited (AU:TBN) announced that director Fredrick Barrett has increased his equity stake by acquiring 9,523 common shares at USD$21 each, following the vesting of restricted stock units and a PIPE issuance approved by shareholders. This increase reflects Barrett's growing confidence in the company, which focuses on natural gas exploration and development. The latest analyst rating for AU:TBN is a Hold with a price target of A$0.19. Tamboran has a market cap of A$906.2M and an average trading volume of 1,619,912 shares.
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