Brief: Tamboran Resources Announces Equity Raise To Fund Beetaloo Asset Deal

Tamboran Resources

20/09/2022 02:34

Sept 20 (Reuters) - Tamboran Resources Ltd  TBN.AX :
    * PURCHASE OF ORIGIN'S BEETALOO BASIN ASSETS AND EQUITY
RAISE
    * ANNOUNCES ACQUISITION OF ORIGIN'S BEETALOO ASSETS, FUNDED
VIA A
PLACEMENT AND STRATEGIC PARTNERSHIPS TO RAISE UP TO A$195
MILLION
    * TAMBORAN BECOMES LARGEST ACREAGE HOLDER IN BEETALOO BASIN
WITH
ABOUT 1.9 MILLION NET PROSPECTIVE ACRES
    * INTENDS TO LAUNCH A SHARE PURCHASE PLAN AT A$0.21 PER
SHARE,
TARGETING A$3.0 MILLION
    * JV HAS ENTERED INTO A BINDING 10-YEAR GAS SALES AGREEMENT
FOR UP
TO 36.5 PJ PER ANNUM WITH ORIGIN

Source text for Eikon:  ID:nASX5WB7RT 
Further company coverage:  TBN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))