Tamboran Acquires Strategic Beetaloo Assets and Raises A$10 Million
Acquires Strategic Beetaloo Assets and Raises A$10 MillionSydney, Dec 10, 2020 AEST (ABN Newswire) - Tamboran Resources Limited ("Tamboran" or the "Company") is pleased to announce the acquisition of Sweetpea Petroleum Pty Ltd ("Sweetpea" or the "Acquisition"). - Tamboran has acquired Sweetpea Petroleum in an all-scrip transaction - Acquisition expands resource holdings in the core of the Beetaloo Basin - Tamboran regains its role as a 100% Working Interest owner and operator - US and European institutional investors fund A$10 million in a private placement Tamboran will acquire all of the shares in Sweetpea in exchange for Tamboran equity (no cash) issued to Longview Petroleum LLC, ("Longview") holder of 100% of Sweetpea, resulting in Longview owning 29.95% of Tamboran post transaction.