During its FY Q1’26 update (ending Sept 2025), Tamboran (“TBN”) confrmed that it was firmly on track for initial gas sales in mid-2026. Management reiterated its confidence in the company’s finances through the Phase 1 commissioning phase and does not anticipate returning to capital markets. The company ended the quarter with US$40mm in cash, and subsequent inflows from the Oct 2025 public offer (US$56mm) and the PIPE transaction (US$32mm, pending approval) lift pro forma liquidity to ~US$128mm. ....
