Companies / TBN

TAMBORAN RESOURCES CORPORATION

ASX:TBNEnergy
6.99B shares on issueASX (delayed) · snapshot 11 Sept 20266.99B fully diluted+0.0% if every option and right converts$0.28price · delayed$1.92Bmarket cap · indicative
Low
Dilution risk

2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — no longer lodges quarterly cash reports (4C/5B)
Share-count growth (24m)-31.3%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)2 cash raisesexcludes announced events with no matching share-issuance (Appendix 2A) filing
Options & rights overhang0.0% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

TAMBORAN RESOURCES CORPORATION's share count stood at 6.99B as of August 2026. The company had two capital raises in the past 24 months, totalling A$435.6M. The latest raise was an underwritten public offering and accelerated non-renounceable entitlement offer in April 2026, which brought in A$282.6M. There are options and rights on issue that could convert into 848,724 new shares, representing 0% of the current share count. No expiry date is on record for these securities. The company no longer lodges quarterly cash reports, so no cash balance or funding runway is disclosed on that basis.

AI-generated summary of this page's cited filings · updated 1 Sept 2026
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0.0%
Options & rights overhang
In-the-money supply · no stated strikes
2
Raises · last 12 months
Cash cover · stale filings

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 6.99B per ASX (delayed) (snapshot 11 Sept 2026).
2.5B5.0B7.5BDec 24Oct 25Sept 26Cash raise · 7 Apr 2026Cash raise · 22 Oct 20256.99B

Cash runway

stale Last quarterly cash report is more than 12 months old (quarter ended 30 June 2024) — runway is not computed from stale filings.
$-171.4M cash after burn from the quarter ended 30 June 2024. Filed with the quarterly report: $111.6M cash at quarter end (item 4.6), 3.5 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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3 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2024.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
30 July 20263G · unquotedTBN : CDI 200:1 US PERSON PROHIBITED EXCLUDING QIB1.40BAppendix 3G
30 July 20262A · quoted issueTBN : CDI 200:1 US PERSON PROHIBITED EXCLUDING QIB1.41BAppendix 2A
10 July 20262A · quoted issueTBN : CDI 200:1 US PERSON PROHIBITED EXCLUDING QIB1.40BAppendix 2A
30 June 20263G · unquotedCDI 200:1 US PERSON PROHIBITED EXCLUDING QIB1.47BAppendix 3G
15 June 20262A · quoted issueTBN : CDI 200:1 US PERSON PROHIBITED EXCLUDING QIB1.47BAppendix 2A

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (1.40B) need not equal the current count above (6.99B).

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34 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 2 in the last 12 months

every 5.5 monthsaverage gap between raises
5.2 monthssince the most recent
22 Oct 20257 Apr 2026first to most recent in this window
$282.6M
Underwritten public offering and accelerated non-renounceable entitlement offer
7 Apr 2026 ACTIVE
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5 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 99% of the 15% placement capacity left — about 1% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.0%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
849k
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 849k of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
TBNAOCondition-triggered849kFiling Meeting

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • TBNAJPrice-triggered35.9M securities → 015 June 2026 Appendix 2A
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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
1 June 2026Andrew RobbOther5k3Y notice
1 June 2026David Neil SiegelOther incentive7k233k3Y notice
1 June 2026Fredrick BarrettOther incentive5k733k3Y notice
1 June 2026Jeffrey Lance BellmanOther incentive6k3Y notice
1 June 2026Phillip Z. PaceOther6k3Y notice
1 June 2026Ryan DaltonOther3Y notice
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42 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.