An article has just hit Street Talk... a big name and not much of a discount (@37c/3.9% disc), so looks like a pretty strong endorsement to me!
Parsley Energy billionaire Bryan Sheffield buys into Tamboran
There’s a new name about to join natural gas company Tamboran Resources’ register, and it’s certain to attract some attention.It’s understood US oil and gas entrepreneur Bryan Sheffield - whose company Parsley Energy was acquired in 2020 by his dad Scott’s business Pioneer Natural Resources in an all-scrip deal valuing the company at more than $US4.5 billion - will come on board as a new cornerstone investor in Tamboran.Tamboran Resources managing director Joel Riddle. Sheffield will own 7.5 per cent of Tamboran. It is his first time investing in an ASX-listed stock.The ASX-listed company, which is developing low carbon dioxide natural gas resources in the Beetaloo Sub-basin within the Greater McArthur Basin in the Northern Territory, had secured Sheffield’s support to be a cornerstone investor, before tapping institutional investors on Friday and Monday as part of a $30 million raise.Sheffield is expected to take out $20 million of the raise.
The capital raise was priced at 37¢ per share - a 3.9 per cent discount to its last close price of 38.5¢.
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $288.4M |
Open | High | Low | Value | Volume |
15.0¢ | 16.0¢ | 14.0¢ | $408.5K | 2.713M |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 226429 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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15.0¢ | 380000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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7 | 226429 | 0.140 |
3 | 192150 | 0.135 |
2 | 17693 | 0.130 |
2 | 208000 | 0.125 |
1 | 25000 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 380000 | 1 |
0.155 | 225478 | 1 |
0.160 | 203628 | 3 |
0.165 | 250292 | 4 |
0.170 | 231470 | 2 |
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