Tamboran placing 14% new shares at a narrow 3% discount to 7-day VWAP Tamboran has placed A$20mm of new shares to Bryan Sheffield and A$15mm to existing investors. We see this as a strong vote of confidence in Tamboran by another shale pioneer, coming in for a sizeable equity investment ahead of the well flow test results. Sheffield became one of the youngest billionaires in the energy business through his company Parsley Energy, which was founded in 2008 with shale assets in the core of the US ....
