Tamboran Resources Files 2024 Annual 10-K Report

TL;DR

Tamboran Resources filed its 2024 10-K. All systems go.

AI Summary

Tamboran Resources Corp. filed its annual 10-K report for the fiscal year ended June 30, 2024. The company, incorporated in Delaware and headquartered in Barangaroo, Australia, operates in the crude petroleum and natural gas sector. The filing details its financial performance and operational status for the period.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Tamboran Resources' financial health, operational activities, and strategic direction for the fiscal year 2024.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not contain immediate red flags or urgent disclosures.

Key Numbers

• 0630 — Fiscal Year End (Indicates the end of the reporting period for financial statements.)
• 20240923 — Filing Date (Date the 10-K was officially submitted to the SEC.)

Key Players & Entities

• Tamboran Resources Corp. (company) — Filer of the 10-K report
• June 30, 2024 (date) — Fiscal year end
• Delaware (jurisdiction) — State of incorporation
• Barangaroo, Australia (location) — Principal executive offices location
• 001-42149 (other) — SEC file number

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value TBN New York Stock Exchan
• $7.5 million — uance at the closing of the offering of $7.5 million in shares of our common stock at the in
• $ — d June 30, 2024. References to dollars, $, U.S. dollars and US$ refer to United S
• $1.00 — ge for the Fiscal Year 2024 2023 A$1.00 $ 0.66 $ 0.67 Cautionary Note Re

Filing Documents

• d864204d10k.htm (10-K) — 1284KB
• d864204dex44.htm (EX-4.4) — 21KB
• d864204dex231.htm (EX-23.1) — 2KB
• d864204dex311.htm (EX-31.1) — 6KB
• d864204dex312.htm (EX-31.2) — 6KB
• d864204dex321.htm (EX-32.1) — 3KB
• d864204dex322.htm (EX-32.2) — 3KB
• d864204dex971.htm (EX-97.1) — 28KB
• g864204g00n01.jpg (GRAPHIC) — 37KB
• g864204g01h02.jpg (GRAPHIC) — 82KB
• g864204g01h03.jpg (GRAPHIC) — 238KB
• 0001193125-24-223049.txt ( ) — 1840KB

Risk Factors

Risk Factors 35 Item 1B. Unresolved Staff Comments 70 Item 1C. Cybersecurity 70 Item 3.

Legal Proceedings

Legal Proceedings 71 Item 4. Mine Safety Disclosures 71 Part II 72 Item 5. Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 72 Item 7.

Managements Discussion and Analysis of Financial Condition and Results of Operations

Managements Discussion and Analysis of Financial Condition and Results of Operations 72 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 83 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 83 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 83 Item 9A.

Controls and Procedures

Controls and Procedures 83 Item 9B. Other Information 84 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 84 Part III 85 Item 10. Directors, Executive Officers and Corporate Governance 85 Item 11.

Executive Compensation

Executive Compensation 85 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 85 Part IV 90 Item 15. Exhibits and Financial Statement Schedules 90

Signatures

Signatures 94 i Table of Contents GLOSSARY OF TERMS Throughout this Annual Report on Form 10-K (or this report), the following company or industry specific terms and abbreviations are used: analogous reservoir refers to analogous reservoirs, as used in resources assessments, having similar rock and fluid properties, reservoir conditions (depth, temperature and pressure) and drive mechanisms, but are typically at a more advanced stage of development than the reservoir of interest and thus may provide concepts to assist in the interpretation of more limited data and estimation of recovery. When used to support proved reserves, an analogous reservoir refers to a reservoir that shares the following characteristics with the reservoir of interest: (i) same geological formation (but not necessarily in pressure communication with the reservoir of interest); (ii) same environment of deposition; (iii) similar geological structure; and (iv) same drive mechanism. appraisal well refers to a vertical or horizontal well designed to assess the properties of the prospective formation by performing open hole logging activities, diagnostic fracture injection testing, fracture stimulation, flow testing, or any combination of the above for the purpose of formation evaluation. Our use of the term appraisal well correlates to the term exploratory well as defined in Rule 4-10(a) of Regulation S-X. ASX refers to the Australian Securities Exchange. Beetaloo refers to the Beetaloo Basin of the Northern Territory, Australia. Beetaloo Joint Venture refers to the unincorporated joint venture in respect to EPs 76, 98 and 117, between TB1 Operator (77.5% working interest) and Falcon (22.5% non-operated working interest). Bcf refers to one billion cubic feet. Bcf/d refers to one billion cubic feet per day. bp refers to BP Singapore Pte. Ltd, a subsidiary of BP plc. Btu refers to British thermal unit, which is the heat required to raise the temperature of one pound of li

View Full Filing

View this 10-K filing on SEC EDGAR