Tamboran Raises US$198M Oversubscribed 3.5x, Eyes Q3 2025 Gas Production
Tamboran Resources completed a US$198 million capital raising, oversubscribed 3.5 times by US investors, to fund accelerated development of its Beetaloo Basin operations. The company achieved a record IP20 flow rate of 8.8 MMcf/d at Shenandoah South 6H and targets gas output by Q3 2025, with funding secured through 2027–2028.
1. Capital Raising Enables Accelerated Beetaloo Development
Tamboran Resources secured US$198 million through a capital raising oversubscribed 3.5 times by US institutional investors, reinforcing its project funding. These proceeds will be allocated to drilling, infrastructure build-out and the finalisation of the Falcon acquisition to expedite development across the Beetaloo Basin.
2. Record Flow Rate and Production Timeline
The Shenandoah South 6H well achieved a record IP20 flow rate of approximately 8.8 MMcf/d, validating reservoir quality and well design. The company now targets gas output by Q3 2025, with full-scale development scheduled for 2026 to deliver commercial production.
3. Farm-down Deal and Financial Flexibility
A farm-down agreement with Daly Waters Energy reduces forward capital commitments and secures carry funding on key assets, allowing Tamboran to maintain exposure while managing risk. With funding secured through 2027–2028, the company is positioned to execute its drilling programme and complete the Falcon transaction.