---
title: "Tamboran Resources prices $35 common-stock offering, raises ~$97.3M net from underwritten deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282252062.md"
description: "Tamboran Resources raised approximately $97.3 million net from an underwritten offering of common stock to fund drilling and development activities. The offering closed on April 9, 2026, with 2,956,602 shares sold and an option for underwriters to purchase an additional 443,491 shares. Proceeds will support resource delineation in the Orion Acreage and Beetaloo Central Development Area, as well as drilling in EP 161. RBC Capital Markets and Wells Fargo served as joint book-running managers for the offering."
datetime: "2026-04-09T21:23:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282252062.md)
  - [en](https://longbridge.com/en/news/282252062.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282252062.md)
---

# Tamboran Resources prices $35 common-stock offering, raises ~$97.3M net from underwritten deal

**Tamboran Resources raised approximately $97.3 million net from an underwritten offering of common stock to fund drilling and development activities.**

**Key Highlights:**

-   Underwritten offering closed April 9, 2026: 2,956,602 shares sold; underwriters have 30-day option for 443,491 additional shares.
-   Net proceeds after fees and expenses are approximately $97.3 million to fund Pilot Area drilling and other projects.
-   Proceeds earmarked for resource delineation in the Orion Acreage and Beetaloo Central Development Area and drilling in EP 161.
-   Concurrently conducting a registered direct institutional entitlement offer at $35.00 per share to qualified institutional buyers.
-   RBC Capital Markets and Wells Fargo acted as joint book-running managers; offering made under an effective Form S-3 registration statement.

Original SEC Filing: Tamboran Resources Corp \[ TBN \] - 8-K - Apr. 09, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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