Tamboran Resources Corp TBNRL

Primary Symbol: TBN

Energy Oil & Gas E&P

Tamboran Resources Corporation is a natural gas company. The Company is focused on supporting the net-zero carbon dioxide (CO2) energy transition in Australia and Asia-Pacific through developing low CO2 unconventional gas resources in the Northern Territory of Australia. It operates approximately 1.9 million net prospective acres in the Beetaloo Sub-basin within the Greater McArthur Basin in the Northern Territory of Australia. The Beetaloo Basin is located in the Northern Territory of Australia, approximately 600 kilometers south of Darwin. Its key assets include a 38.75% working interest and operatorship in EPs 98, 117 and 76, a 100% working interest and operatorship in EP 136 and a 25% non-operated working interest in EP 161, which are all located in the Beetaloo Basin. EP 161 permit covers approximately 540,000 prospective acres. It is also focused on developing the proposed Shenandoah South Pilot Project and Northern Territory LNG (NTLNG) development at Middle Arm in Darwin.

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Tamboran Resources Corp

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Post by Ebenizer3on Sep 05, 2024 8:48am

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Post# 36209513

Sheffield Holdings buys $250k of Tamboran Resources stock...

https://in.investing.com/news/company-news/sheffield-holdings-buys-250k-of-tamboran-resources-stock-93CH-4414695

In a recent transaction, Sheffield Holdings LP, led by Bryan Sheffield, has made a significant investment in Tamboran Resources Corp (OTCMKTS:TBN), a company specializing in crude petroleum and natural gas. On August 30, 2024, Sheffield Holdings purchased 12,424 shares of common stock at a weighted average price of $20.1178 per share, totaling approximately $250,000.

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Sheffield Holdings buys $250k of Tamboran Resources stock

Published 05-09-2024, 02:22 am

TBN

-0.10%

In a recent transaction, Sheffield Holdings LP, led by Bryan Sheffield, has made a significant investment in Tamboran Resources Corp (OTCMKTS:TBN), a company specializing in crude petroleum and natural gas. On August 30, 2024, Sheffield Holdings purchased 12,424 shares of common stock at a weighted average price of $20.1178 per share, totaling approximately $250,000.

The shares were acquired in multiple transactions with prices ranging from $19.99 to $20.24. This range indicates a calculated approach to the investment, with Sheffield Holdings taking advantage of varying market prices to optimize their purchase.

As outlined in the SEC filing, the shares are held indirectly through Sheffield Holdings LP, with Spraberry Interests, LLC acting as the general partner. Bryan Sheffield, the manager of Spraberry Interests, LLC, may be deemed to share beneficial ownership of the shares held by Sheffield Holdings LP due to his managerial role.

Investors may find the involvement of Bryan Sheffield in this transaction noteworthy as he is recognized as a significant figure in the energy sector. His decision to invest a quarter of a million dollars into Tamboran Resources suggests a vote of confidence in the company's future prospects.

The recent acquisition has increased Sheffield Holdings' ownership stake in Tamboran Resources, further solidifying its position as a ten percent owner. This move could potentially signal a strategic interest in the company's operations and future growth.

The transaction demonstrates the continuous movement of capital within the energy industry and the strategic investments made by key players. As Tamboran Resources continues to navigate the market, the backing of Sheffield Holdings may play a pivotal role in the company's trajectorIn a recent transaction, Sheffield Holdings LP, led by Bryan Sheffield, has made a significant investment in Tamboran Resources Corp (OTCMKTS:TBN), a company specializing in crude petroleum and natural gas. On August 30, 2024, Sheffield Holdings purchased 12,424 shares of common stock at a weighted average price of $20.1178 per share, totaling approximately $250,000.

The shares were acquired in multiple transactions with prices ranging from $19.99 to $20.24. This range indicates a calculated approach to the investment, with Sheffield Holdings taking advantage of varying market prices to optimize their purchase.

As outlined in the SEC filing, the shares are held indirectly through Sheffield Holdings LP, with Spraberry Interests, LLC acting as the general partner. Bryan Sheffield, the manager of Spraberry Interests, LLC, may be deemed to share beneficial ownership of the shares held by Sheffield Holdings LP due to his managerial role.

Investors may find the involvement of Bryan Sheffield in this transaction noteworthy as he is recognized as a significant figure in the energy sector. His decision to invest a quarter of a million dollars into Tamboran Resources suggests a vote of confidence in the company's future prospects.

The recent acquisition has increased Sheffield Holdings' ownership stake in Tamboran Resources, further solidifying its position as a ten percent owner. This move could potentially signal a strategic interest in the company's operations and future growth.

The transaction demonstrates the continuous movement of capital within the energy industry and the strategic investments made by key players. As Tamboran Resources continues to navigate the market, the backing of Sheffield Holdings may play a pivotal role in the company's trajectory.

In other recent news, Tamboran Resources Corporation has been in the spotlight with several major financial firms issuing their analysis of the company's prospects. Citi has set a Buy rating on Tamboran Resources with a price target of $32, emphasizing the company's exploration potential in the Beetaloo Basin. This comes alongside a similar positive assessment from Piper Sandler, which upgraded the company to an Overweight rating and set a price target of $41, highlighting the company's significant natural gas resource potential.

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