Tamboran Re-domiciliation Court approves Scheme
Sydney, Dec 6, 2023 AEST (ABN Newswire) - Tamboran Resources Limited (
ASX:TBN) (TBNNY:OTCMKTS) is pleased to announce that the Federal Court of Australia (Court) has today made orders approving the re-domiciliation of the Company and its subsidiaries (Tamboran Group) from Australia to the United States of America by way of a scheme of arrangement with its shareholders (Tamboran Shareholders) (the Scheme), under which a newly formed corporation in the State of Delaware (Tamboran US HoldCo) will become the new parent company of Tamboran Group following the implementation of the Scheme.
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About Tamboran Resources Corporation
Tamboran Resources Corporation (ASX:TBN) is a natural gas company that intends to play a constructive role in the global energy transition towards a lower carbon future by developing low CO2 unconventional natural gas resources in the Beetaloo Sub-basin within the Greater McArthur Basin in the Northern Territory of Australia. Tamboran's key assets are a 25% working interest in EP 161 and a 100% working interest in EP 136, EP 143 and EP(A) 197 which are located in the Beetaloo Sub-basin.
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