Sheffield Discloses Stake in Tamboran Resources
Ticker: TBNRL · Form: SC 13D · Filed: Jul 8, 2024 · CIK: 1997652
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
TL;DR
Sheffield just dropped a 13D on Tamboran Resources. Big player alert.
AI Summary
Bryan Sheffield, through Sheffield Holdings, LP and Spraberry Interests, LLC, has filed a Schedule 13D on July 8, 2024, indicating a change in beneficial ownership of Tamboran Resources Corp. The filing does not specify the exact number of shares or percentage of ownership, but it signifies a significant stake requiring disclosure.
Why It Matters
This filing signals a potentially significant shift in the ownership structure of Tamboran Resources, which could influence the company's strategic direction and shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates a change in beneficial ownership by a significant entity, which could lead to activist investor behavior or a change in control, introducing uncertainty.
Key Players & Entities
- Bryan Sheffield (person) — Filing person and beneficial owner
- Sheffield Holdings, LP (company) — Filing entity and beneficial owner
- Spraberry Interests, LLC (company) — Filing entity and beneficial owner
- Tamboran Resources Corp (company) — Subject company
- June 28, 2024 (date) — Date of event requiring filing
- 20240708 (date) — Filing date
FAQ
What is the exact percentage of Tamboran Resources Corp. shares beneficially owned by Bryan Sheffield and his associated entities?
The provided text does not specify the exact percentage of shares beneficially owned, only that a Schedule 13D filing was made on July 8, 2024, indicating a change in ownership.
What was the specific event on June 28, 2024, that triggered this Schedule 13D filing?
The filing states 'June 28, 2024 (Date of Event Which Requires Filing of This Statement)' but does not detail the specific event.
What is the primary business of Tamboran Resources Corp?
Tamboran Resources Corp. is in the Crude Petroleum & Natural Gas industry, with Standard Industrial Classification code 1311.
Who is authorized to receive notices and communications for this filing?
Bryan Sheffield, located at 300 Colorado Street, Suite 1900, Austin, Texas 78701, with a telephone number of 737-304-7803, is authorized to receive notices and communications.
Are Sheffield Holdings, LP and Spraberry Interests, LLC acting independently or in concert regarding their stake in Tamboran Resources Corp?
The filing lists both Sheffield Holdings, LP and Spraberry Interests, LLC as group members and associated with Bryan Sheffield, suggesting a coordinated action, though the filing does not explicitly state they are acting in concert.
Filing Stats: 2,357 words · 9 min read · ~8 pages · Grade level 14.7 · Accepted 2024-07-08 16:30:56
Key Financial Figures
- $0.001 — relates to the Common Stock, par value $0.001 per share (Common Stock), of Tamboran R
- $24.00 — f Common Stock in the IPO at a price of $24.00 per share. Sheffield Holdings obtained
Filing Documents
- d507641dsc13d.htm (SC 13D) — 82KB
- d507641dex991.htm (EX-99.1) — 4KB
- 0001193125-24-176323.txt ( ) — 88KB
above summarizes certain provisions of the Registration Rights Agreement and the Director Nomination
Item 4 above summarizes certain provisions of the Registration Rights Agreement and the Director Nomination Agreement and is incorporated herein by reference. A copy of each agreement is attached as an exhibit to this Schedule 13D, and is incorporated herein by reference. Except as set forth herein, none of the Reporting Persons have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finders fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies. Item7. Materials to be Filed as Exhibits Exhibit Number Description 1 Joint Filing Agreement. 2 Registration Rights Agreement, dated June 28, 2024, between Tamboran Resources Corporation, Sheffield Holdings, LP, and each of the other signatories from time to time party thereto (incorporated by reference to Exhibit 10.1 to the Issuers Current Form on 8-K filed June 28, 2024). 3 Director Nomination Agreement, dated June 28, 2024, between Tamboran Resources Corporation and Sheffield Holdings, LP (incorporated by reference to Exhibit 10.2 to the Issuers Current Form on 8-K filed June 28, 2024). CUSIP No. 87507T 10 1 13D Page 8 of 8 pages
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : July 8, 2024 Bryan Sheffield /s/ Bryan Sheffield Sheffield Holdings, LP By: Spraberry Interests, LLC, its general partner By: /s/ Bryan Sheffield Name: Bryan Sheffield Title: Manager Spraberry Interests, LLC By: /s/ Bryan Sheffield Name: Bryan Sheffield Title: Manager