Subsequent Events

3 Months Ended

Sep. 30, 2025

Subsequent Events [Abstract]

Subsequent Events

Note 14 – Subsequent Events

Public Offering

On October 24, 2025, Tamboran closed a public offering under which it issued and sold 2,673,111 shares of common

stock at a price to the public of $21.00 per share (the “Public Offering”) resulting in gross proceeds of $56.1 million and

net proceeds to us of $53.0 million, after deducting the underwriting discount. RBC Capital Markets, LLC and Wells Fargo

Securities, LLC acted as representatives of the several underwriters of the Public Offering.

The net proceeds of the Public Offering will be used to fund the Group's development plan, working capital, and

other general corporate purposes.

Share Purchase Plan

On October 30, 2025, the Company opened a Share Purchase Plan (the “Share Purchase Plan”) for eligible

securityholders to apply and purchase new CDI's in the Company up to A$30,000 per securityholder. The SSP is expected

to close on November 20, 2025. The Group is targeting a raise up to A$46.0 million, with some capacity for

oversubscriptions. The net proceeds of the Share Purchase Plan will be used to fund the Group's development plan,

working capital, and other general corporate purposes.

Subscription Agreements

On October 24, 2025, Tamboran entered into subscription agreements (the “Subscription Agreements”) with certain

investors, including Bryan Sheffield, our largest shareholder, Scott Sheffield, our director, and certain of our employees,

officers and other directors (the “PIPE Investors”), pursuant to which the Company expects to sell to the PIPE Investors up

to $32.0 million worth of shares of common stock, at a price of $21.00 per share, on the terms and subject to the conditions

set forth therein (the “PIPE”). The closing of the PIPE is subject to approval by the Company’s shareholders and the

satisfaction of other customary closing conditions.

Interim CEO Compensation

In connection with Mr. Stoneburner’s appointment as Interim Chief Executive Officer, on October 15, 2025, the

Company entered into a letter agreement, effective as of July 27, 2025, with Mr. Stoneburner (the “Letter Agreement”).

The Letter Agreement provides for a six-month term (or if earlier, the date the Company hires a replacement Chief

Executive Officer). Mr. Stoneburner shall continue to serve as Chairman of the Board during the term of his service as

Interim Chief Executive Officer.

DWE Commercial Agreements

On October 23, 2025, TR (West) entered into an updated commercial arrangement with DWE regarding the Phase 2

Development Area and related working interests. The following summarizes the material terms of this arrangement:

•The Phase 2 Development Area was increased from 406,693 gross acres to approximately 500,000 gross acres.

•Current Working Interests will be adjusted to TR (West) – 44.897%, DWE – 32.603%, and Falcon – 22.50%.

•Subject to execution of definitive agreements and completion of Tamboran’s proposed acquisition of Falcon, the

revised working interests will be TR (West) (Operator) – 77.5%, and DWE – 22.5%.

•TR (West) will hold rights requiring DWE to participate proportionately in any sale of Tamboran’s interest in the

Phase 2 Development Area, limited to 50% of DWE's working interest.

The Group has evaluated its subsequent events occurring after September 30, 2025, through November 13, 2025,

which represents the date these condensed consolidated financial statements were available to be issued. No further

subsequent events have been identified that would require disclosure in these condensed consolidated financial statements.