Squire Patton Boggs Advises Tamboran Resources on IPO and Dual Listing on NYSE and ASX

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Squire Patton Boggs has advised Tamboran Resources Corporation (Tamboran, ASX:TBN, NYSE:TBN) on its initial public offering and dual listing of its shares of common stock on the New York Stock Exchange and ASX with a market capitalisation of approximately A$500 million, raising approximately A$112 million.

Tamboran is a natural gas exploration company focused on supporting the global energy transition by developing low-reservoir CO2 resources in the Beetaloo sub-basin in the Northern Territory of Australia. Through its subsidiaries, Tamboran focuses on shale gas exploration in onshore basins and is the largest acreage holder in the Northern Territory of Australia.

Squire Patton Boggs also advised on Tamboran’s initial public offering on ASX in 2021 and a series ‘market-first’ succession of transactions, including its ‘top-hat’ scheme of arrangement involving the re-domiciliation of Tamboran to the US, and a concurrent institutional placement and accelerated non-renounceable pro rata entitlement offer to institutional and retail investors. This follows several other significant achievements for Tamboran including successful capital raises.

Ashley Rose, Corporate partner in the firm’s Sydney office, has advised Tamboran on these transactions. He has been supported by colleagues from various offices, including Corporate partner Michael Gajic, Litigation partner Graeme Slattery, Tax Strategy & Benefits counsel Louise Boyce, Litigation senior associate Jon Baker and Corporate associates Mitchell Coote, Sophie Davey, Sarah Roper and Georgia Mateer from the firm’s Sydney office, Corporate partner Jayson Marks (London), and Corporate partners Michael Helmer (New Jersey) and Aaron Seamon (Columbus), Tax Strategy & Benefits partner Jeffrey Koppele (New York), Financial Services senior associate Michael Fisher (Columbus) and Corporate associate Gabrielle Galante (New York).

Ashley Rose said: “We are thrilled to work with Tamboran on this multifaceted cross-jurisdictional matter, which has closely involved a number of the firm’s offices in the UK and US over several years. This achievement marks a significant milestone for Tamboran, and we are delighted to assist Tamboran with its ongoing operations and eagerly anticipate following its journey.”

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