Stockholders’ Equity

9 Months Ended

Mar. 31, 2025

Equity [Abstract]

Stockholders’ Equity

Note 7 – Stockholders’ Equity

Movement in Common Stock

	Date	Tamboran common stock	Fair Market Value at time of Issuance	Details	Net proceeds
Balance at July 1, 2024		13,915,524			$396,924,177
Capital raise	July 2024	308,750	$24.00	$7,410,000
Issuance of common stock as checkerboard fee	November 2024	312,500	$19.04	$5,950,000
Less: Transaction costs		—		$(479,150)	12,880,850
Balance at March 31, 2025		14,536,774			$409,805,027

July 2024 Greenshoe Option

Subsequent to the IPO in June 2024, the underwriters exercised the greenshoe option granted to them to purchase

additional shares of common stock of the Company. Under this option, underwriters purchased a total of 308,750 shares of

common stock of the Company on July 30, 2024. The net proceeds from the IPO and from the issuance under the

greenshoe option will be used for natural gas exploration and appraisal activities, progressing the Group’s three phases of

development and other general corporate purposes.

November 2024

At the time of the IPO, DWE agreed to waive the $7,500,000 payment obligation in respect of the Checkerboard

Strategy provided that Tamboran issue to DWE, or its nominee, 312,500 shares of common stock. The number of shares to

be issued to satisfy the obligation was calculated as $7,500,000 divided by the IPO share price of $24.00. The issuance of

these shares in satisfaction of the obligation was subject to shareholder approval.

Shareholder approval took place at the Annual General Meeting on November 4, 2024, which was determined to be

the grant date for the purpose of valuing the common stock. From the time of the IPO in June 2024 to shareholder approval

in November 2024, the fair market value of the shares decreased from $24.00 to $19.04, while the number of shares to be

issued remained the same. The issuance of these shares completed the satisfaction of the above obligation in respect of the

Checkerboard Strategy (the “Checkerboard fee”) (Refer Note 2).