Tamboran Resources (TBN) 10-Q12 Nov 242025 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-42149
Registrant Name	Tamboran Resources Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-4111196
Entity Address, Address Line One	Suite 01, Level 39, Tower One,
Entity Address, Address Line Two	International Towers
Entity Address, City or Town	Sydney
Entity Address, Address Line Three	100 Barangaroo Avenue
Entity Address, Country	AU
Entity Address, Postal Zip Code	2000
City Area Code	61
Local Phone Number	2 8330 6626
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	TBN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,224,274
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Central Index Key	0001997652
Amendment Flag	false
Current Fiscal Year End Date	--06-30

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Current assets
Cash and cash equivalents	$ 74,042,004	$ 74,745,897
Trade and other receivables:
Joint interest billing	3,096,440	10,298,322
ATO receivable	1,471,724	700,115
Other tax receivables	10,124	11,514
Assets held for sale	7,990,000	8,366,000
Prepaid expenses and other current assets	3,350,342	3,209,033
Total current assets	89,960,634	97,330,881
Property, plant and equipment, net	74,792	102,244
Operating lease right-of-use assets	1,019,104	962,052
Finance lease right-of-use assets	18,164,738	20,697,452
Prepaid expenses and other non-current assets	1,932,677	1,889,890
Total non-current assets	291,259,643	261,313,150
TOTAL ASSETS	381,220,277	358,644,031
Current liabilities
Accounts payable and accrued expenses	16,125,305	14,832,599
Current portion of operating lease obligations	360,801	397,999
Current portion of finance lease obligations	18,220,258	12,767,400
Total current liabilities	34,706,364	27,997,998
Operating lease obligations	725,571	587,250
Finance lease obligations	9,556,380	14,141,713
Asset retirement obligations	9,091,902	8,140,992
Other non-current liabilities	98,772	90,378
Total non-current liabilities	19,472,625	22,960,333
Total liabilities	54,178,989	50,958,331
Commitments and contingencies (Note 11)
Stockholders’ equity
Common stock, $0.001 par value, 10,000,000,000 and unlimited common stock authorized; 14,224,274 and 13,915,524 shares issued and outstanding at September 30, 2024 and June 30, 2024, respectively.	14,224	13,915
Additional paid-in capital	412,654,014	404,594,023
Accumulated other comprehensive loss	(792,014)	(11,512,975)
Accumulated deficit	(136,274,345)	(130,379,771)
Total Tamboran Resources Corporation stockholders’ equity	275,601,879	262,715,192
Noncontrolling interest	51,439,409	44,970,508
Total stockholders’ equity	327,041,288	307,685,700
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	381,220,277	358,644,031
Unproved properties
Trade and other receivables:
Natural gas properties, successful efforts method:	259,656,933	230,119,448
Assets under construction - natural gas equipment
Trade and other receivables:
Natural gas properties, successful efforts method:	$ 10,411,399	$ 7,542,064

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Sep. 30, 2024	Jun. 30, 2024
Statement of Financial Position [Abstract]
Common stock, par value per share (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	10,000,000,000	10,000,000,000
Common stock, shares, issued (in shares)	14,224,274	13,915,524
Common stock, shares, outstanding (in shares)	14,224,274	13,915,524

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue and other operating income	$ 0	$ 0
Operating costs and expenses
Compensation and benefits, including stock-based compensation	(2,219,133)	(1,257,991)
Consultancy, legal and professional fees	(1,679,678)	(1,380,871)
Depreciation and amortization	(30,675)	(29,012)
Loss on remeasurement of assets classified as held for sale	(376,000)	0
Accretion of asset retirement obligations	(257,738)	(214,315)
Exploration expense	(1,009,509)	(904,864)
General and administrative	(1,405,338)	(528,939)
Total operating costs and expenses	(6,978,071)	(4,315,992)
Loss from operations	(6,978,071)	(4,315,992)
Other income (expense)
Interest income, net	796,043	83,788
Foreign exchange (loss) gain, net	(254,032)	614,346
Other expenses, net	(319,507)	(134,275)
Total other income (expense)	222,504	563,859
Net loss	(6,755,567)	(3,752,133)
Less: Net loss attributable to noncontrolling interest	(860,993)	(562,435)
Net loss attributable to Tamboran Resources Corporation stockholders	(5,894,574)	(3,189,698)
Comprehensive income (loss)
Net loss	(6,755,567)	(3,752,133)
Other comprehensive income (loss)
Foreign exchange translation	12,148,177	(5,317,598)
Total comprehensive income (loss)	5,392,610	(9,069,731)
Less: Total comprehensive income (loss) attributable to noncontrolling interest	566,223	(1,401,920)
Total comprehensive income (loss) attributable to Tamboran Resources Corporation stockholders	$ 4,826,387	$ (7,667,811)
Net loss per common stock
Net loss per common stock, basic (in USD per share)	$ (0.417)	$ (0.376)
Net loss per common stock, diluted (in USD per share)	$ (0.417)	$ (0.376)
Weighted average number of common stock outstanding
Weighted average number of common stock outstanding, basic (in shares)	14,124,788	8,486,578
Weighted average number of common stock outstanding, diluted (in shares)	14,124,788	8,486,578

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($)	Total	Total Tamboran Resources stockholders’ equity	Common stock	Additional paid-in capital	Accumulated other comprehensive loss	Accumulated deficit	Noncontrolling interest
Beginning balance at Jun. 30, 2023	$ 160,580,946	$ 139,534,476	$ 7,080	$ 259,298,821	$ (11,310,125)	$ (108,461,300)	$ 21,046,470
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of issuance cost	34,398,413	34,398,413	1,503	34,396,910
Contributions from noncontrolling interest holders	6,149,495						6,149,495
Stock-based compensation	268,403	268,403		268,403
Foreign exchange translation	(5,317,598)	(4,478,113)			(4,478,113)		(839,485)
Net loss	(3,752,133)	(3,189,698)				(3,189,698)	(562,435)
Ending balance at Sep. 30, 2023	192,327,526	166,533,481	8,583	293,964,134	(15,788,238)	(111,650,998)	25,794,045
Beginning balance at Jun. 30, 2024	307,685,700	262,715,192	13,915	404,594,023	(11,512,975)	(130,379,771)	44,970,508
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of issuance cost	6,930,850	6,930,850	309	6,930,541
Contributions from noncontrolling interest holders	5,902,678						5,902,678
Stock-based compensation	1,129,450	1,129,450		1,129,450
Foreign exchange translation	12,148,177	10,720,961			10,720,961		1,427,216
Net loss	(6,755,567)	(5,894,574)				(5,894,574)	(860,993)
Ending balance at Sep. 30, 2024	$ 327,041,288	$ 275,601,879	$ 14,224	$ 412,654,014	$ (792,014)	$ (136,274,345)	$ 51,439,409

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net loss	$ (6,755,567)	$ (3,752,133)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	30,675	29,012
Stock-based compensation	1,129,450	268,403
Foreign exchange (gain) loss, net	254,032	(614,346)
Loss on remeasurement of assets classified as held for sale	376,000	0
Accretion of asset retirement obligations	257,738	214,315
Changes in operating assets and liabilities:
Trade and other receivables	879,882	76,299
Prepaid expenses and other assets	(184,096)	(969,309)
Accounts payable and accrued expenses	(150,084)	1,242,374
Other non-current liabilities	8,394	162,590
Net cash used in operating activities	(4,153,576)	(3,342,795)
Cash flows from investing activities:
Payments for exploration and evaluation	(12,226,577)	(18,867,528)
Payments for assets under construction	(2,669,138)	0
Advance received for sale of assets held for sale	400,000	0
Net cash used in investing activities	(14,495,715)	(18,867,528)
Cash flows from financing activities:
Proceeds from issue of common stock		36,151,220
Proceeds from issue of shares under greenshoe option	7,410,000
Contributions received from noncontrolling interest holders	11,454,459	0
Common stock issue transaction costs	(2,120,042)	(1,752,807)
Net cash from financing activities	16,744,417	34,398,413
Net (decrease) increase in cash and cash equivalents and restricted cash	(1,904,874)	12,188,090
Cash and cash equivalents and restricted cash at the beginning of period	74,745,897	7,056,136
Effects of exchange rate changes on cash and cash equivalents	1,200,981	2,377,745
Cash and cash equivalents and restricted cash at the end of period	74,042,004	21,621,971
Non-cash investing and financing activities:
Accrued capital expenditure	2,683,682	619,591
Asset retirement obligations	(326,433)	(72,433)
Stock-based compensation	(1,129,450)	(268,403)
Contribution receivable from noncontrolling interest holders	3,306,021	6,149,495
Operating lease right-of-use assets and lease liabilities	(57,052)	(78,933)
Interest accrued on finance lease liabilities	(795,924)	(815,910)
Finance lease right-of-use assets and lease liabilities	0	(25,812,769)
Non-cash finance lease costs capitalized to unproved properties	$ 3,328,639	$ 3,913,442

Business and Basis of Preparati

Business and Basis of Preparation	3 Months Ended
Business and Basis of Preparation	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Preparation	Note 1 – Business and Basis of Preparation General Tamboran Resources Corporation (the “Company” or “Tamboran” and together with its consolidated subsidiaries, the “Group”) is an early-stage growth-oriented natural gas company with a vision of supporting the net zero CO 2 energy transition in Australia and Asia-Pacific through developing low CO 2 unconventional gas resources in the Northern Territory (“NT”) of Australia . The Group is in the exploration stage with a current focus on exploiting its primary assets, which are rights to working interests (“Tenements”) in exploration acreage in the Beetaloo sub-basin (“Beetaloo” or “Beetaloo Basin”), NT Australia. To date, the Group has not determined whether the Tenements contains any natural gas reserves that are economically recoverable. Further, the Group had no revenues from its gas operations as of September 30, 2024 . Going Concern and Management’s Liquidity Plan The accompanying condensed consolidated financial statements have been prepared on the basis that the Group will continue as a going concern which contemplates the realization of assets and the satisfaction of liabilities in the ordinary and usual course of business. As of September 30, 2024 , the Group had: • not generated revenues since inception, and is unlikely to generate earnings in the immediate or foreseeable future; • a working capital surplus o f $47,264,270 (excluding assets held for sale); • an accumulated deficit of $136,274,345 since inception; and • significant expenditures planned for the unproved properties in the next 12 months. These factors raise substantial doubt regarding the Group’s ability to continue as a going concern for the 12 months following the date these condensed consolidated financial statements were available for issuance. The continuation of the Group as a going concern is dependent upon the ability of the Group to obtain necessary additional capital to fund ongoing exploration, appraisal and development projects and/or obtain gas producing properties to attain future profitable operations. No assurance can be given that the Group will be successful in these efforts in the future. Management has several plans in various stages of progress to source additional funding to provide operating capital for continued growth of the Group. Therefore, these condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded assets and liabilities that might be necessary should the Group be unable to continue as a going concern. Basis of Presentation of Condensed Consolidated Financial Statements The accompanying condensed consolidated financial statements have been prepared in conformity with the accounting principles generally accepted in the United States of America (“U.S. GAAP”) and rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim financial statements. Pursuant to such rules and regulations, certain disclosures and information required by U.S. GAAP for complete consolidated financial statements have been condensed or omitted. The accompanying condensed consolidated financial statements and notes therein should be read in conjunction with the financial statements and notes included in our consolidated financial statements for the year ended June 30, 2024 (“Group’s Annual Financial Statements”). These condensed consolidated financial statements reflect all adjustments, in the opinion of management, which include normal and recurring adjustments necessary to fairly state the Group’s consolidated financial position, results of operations, and cash flows for the periods presented herein. The interim results are not necessarily indicative of results for any other future annual or interim period. The June 30, 2024 , condensed consolidated balance sheet was derived from the audited Group’s Annual Financial Statements but does not include all disclosures required by U.S. GAAP for annual financial statements. Significant Judgments and Accounting Estimates The preparation of these condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts of assets and liabilities, revenue and expenses and related disclosures of contingent assets and liabilities reported in the condensed consolidated financial statements and the accompanying notes. There have been no significant changes to the Group’s accounting estimates from those disclosed in the Group’s Annual Financial Statements. Significant Accounting Policies The Group’s significant accounting policies are described in the notes to the consolidated financial statements for the year ended June 30, 2024 , included in the Group’s Annual Financial Statements. There have been no significant changes in accounting policies during the three months ended September 30, 2024 . Foreign Currency Translation These condensed consolidated financial statements are presented in US dollars (“$” or “dollars”) and the functional currency of the Group is the Australian Dollar (“A$”). Adjustments resulting from the translation of functional currency financial statements to reporting currency are accumulated and reported as a part of “Accumulated Other Comprehensive Loss”, a separate component of stockholders’ equity. Foreign Currency Transactions Foreign currency transactions are translated into the Company ’s functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at financial year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the condensed consolidated statements of operations and comprehensive loss. Leases As a Lessee The Group accounts for leases under ASC 842, Leases (“ASC 842”). The Group determines if an arrangement is a lease at inception of the arrangement and if such lease will be classified as an operating lease or a finance lease. The Group’s leases represent its right to use an underlying asset for the lease term. Right-of-use (“ROU”) assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As the Group’s leases do not provide an implicit rate, the Group used a proxy for its incremental borrowing rate, which is the rate incurred to borrow on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. The Group has elected to account for lease and non-lease components in its contracts as a single lease component for all asset classes except for office premises. Operating leases are included in “Operating lease right-of-use assets” within the Group’s condensed consolidated balance sheet. The Group’s related obligation to make lease payments are included in “Current portion of operating lease obligations” and “Operating lease obligations” within the Group’s condensed consolidated balance sheet. Operating lease expense for lease payments is recognized on a straight-line basis over the lease term. Finance leases are included in “Finance lease right-of-use assets” within the Group’s condensed consolidated balance sheet. The Group’s related obligation to make lease payments are included in “Current portion of finance lease obligations” and “Finance lease obligations” within the Group’s condensed consolidated balance sheet. Finance lease expense includes amortization of the ROU assets and interest on lease liabilities. The Group capitalizes the finance lease expense as a part of unproved properties when the leased asset is directly involved in the drilling of wells (i.e. the finance lease expense is a direct cost of drilling wells). Leases with a lease term of 12 months or less are not recorded on the condensed consolidated balance sheet and are recognized as lease expense on a straight-line basis over the lease term. When it is reasonably certain the Group will exercise an option to extend the short-term lease beyond 12 months, the cost will be capitalized. As a Lessor Sublease income is recognized on a straight-line basis over the term of the sublease agreement and is recorded within “Other expenses, net” in the condensed consolidated statements of operations and comprehensive loss. Natural Gas Properties The Group is in the exploration stage and has not yet realized any revenues from its operations. The Group holds a number of exploration permits that are grouped into areas of interest according to geographical and geological attributes. Expenditure incurred in each area of interest is accounted for using the successful efforts method, as defined within ASC 932, Extractive Activities – Oil and Gas . Under this method, all general exploration and evaluation costs such as geological and geophysical costs are expensed as incurred. The direct costs of acquiring the rights to explore, drilling exploratory wells, and evaluating the results of drilling are capitalized as exploration and evaluation assets (as a part of unproved properties) pending the determination of the results of the well. If a well does not result in hydrocarbons being present, the previously capitalized costs are immediately expensed.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
Variable Interest Entities	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Note 2 – Variable Interest Entities Tamboran (B1) Pty Ltd (“TB1”) is a 50/ 50 joint venture between the Company, through its wholly owned subsidiary Tamboran (West) Pty Ltd (“ TR West” ), and Daly Waters Energy, LP ("DWE") governed by the amended and restated joint venture and shareholders agreement dated June 3, 2024 (the “TB1 Joint Venture Agreement”). In assessing the primary beneficiary of TB1, the Company determined the primary activities that most significantly impact the economic performance of TB1 include serving as the manager, determining the strategy and direction of TB1, and the power to create a budget. The Company was appointed as the manager to manage and carry out day-to-day operations which supports the basis of Tamboran as the primary beneficiary. The Company, as manager, also prepares the work plans and budget of TB1. As such it was determined that the Company has the power to direct TB1’s activities that most significantly impact TB1’s economic performance. As a result of the assessment performed, the results of TB1 have been included in the accompanying condensed consolidated financial statements. TB1 has no assets that are collateral for or restricted solely to settle its obligations. The creditors of TB1 do not have recourse to the Group’s general credit. The Company also assessed which party to the TB1 Joint Venture Agreement has the obligation to absorb losses or the right to receive the benefits of the VIE that could potentially be significant to the VIE. The future profits and losses of TB1 are shared by the Company and DWE in proportion to their respective equity interest in TB1, however, to date the Company has contributed a greater proportion of the capital and has no ability to recoup any of the excess funding the Company has made to TB1 from DWE and therefore has a greater exposure to absorb losses. A loan was provided to TR West from Tamboran Resources Pty Ltd (formerly known as Tamboran Resources Limited) ("TR Ltd."), a wholly owned subsidiary of the Company. The loan was used by TR West to acquire its interest in TB1. On November 9, 2022 , TB1 completed the acquisition of a 77.5% share of Beetaloo Basin assets, EP 76, EP 98, and EP 117. As a result of the TB1 Joint Venture Agreement, the Company and DWE each beneficially acquired a 38.75% interest in the permits for the total undivided interest of 77.5% . Falcon Oil and Gas Australia limited ("Falcon") holds the remaining undivided interest of 22.5% in the assets (collectively known as the "Beetaloo Joint Venture"). On March 4, 2024 , Falcon, the owner of the remaining 22.5% interest in the Beetaloo Joint Venture assets, capped its participation to 5% in the Beetaloo Joint Venture’s second Shenandoah South well pad (“SS2”). On March 21, 2024 , Tamboran B2 Pty Ltd ("TB1 Operator") (a wholly owned subsidiary of TB1 in which the Company has a 50% interest) agreed to pick up Falcon’s interest, increasing TB1 Operator’s working interest to at least 95% in the wells drilled from the SS2 well pad. The following table summarizes the carrying amounts of TB1’s assets and liabilities included in the Group’s condensed consolidated balance sheet as of September 30, 2024 and June 30, 2024: September 30, 2024 June 30, 2024 ASSETS Current assets Cash and cash equivalents $ 8,454,574 $ 1,488,541 Trade and other receivables: Joint interest billing 3,096,440 10,298,322 Intercompany receivable 5,526,088 7,415,684 ATO receivable 1,138,054 615,480 Prepaid expenses and other current assets 1,805,605 1,476,094 Total current assets 20,020,761 21,294,121 Natural gas properties, successful efforts method: Unproved properties 194,418,892 167,998,061 Assets under construction- natural gas equipment 10,411,398 7,542,064 Finance lease right-of-use assets 19,096,969 20,697,452 Prepaid expenses and other non-current assets 402,565 385,215 Total non-current assets 224,329,824 196,622,792 TOTAL ASSETS $ 244,350,585 $ 217,916,913 LIABILITIES Current liabilities Accounts payable and accrued expenses $ 12,098,118 $ 10,569,865 Current portion of finance lease obligations 18,795,312 12,767,400 Total current liabilities 30,893,430 23,337,265 Finance lease obligations 10,193,335 14,141,713 Asset retirement obligations 4,821,472 4,174,178 Loan from Tamboran 128,124,936 113,096,572 Total non-current liabilities 143,139,743 131,412,463 TOTAL LIABILITIES $ 174,033,173 $ 154,749,728

Property, Plant and Equipment_&

Property, Plant and Equipment & Natural Gas Properties	3 Months Ended
Property, Plant and Equipment & Natural Gas Properties	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment & Natural Gas Properties	Note 3 – Property, Plant and Equipment & Natural Gas Properties Natural Gas Properties The Group held unproved natural gas properties as of September 30, 2024 and June 30, 2024 , amounting to $259,656,933 and $230,119,448 , respectively. These amounts reflect the Group’s exploration and evaluation projects, which are pending the determination of proven and probable reserves and were not being depleted for the three months ended September 30, 2024 , and 2023 . These assets will be reclassified t o proven gas properties upon commencement of production and then subsequently depleted. During the three months ended September 30, 2024 and September 30, 2023 , the Group recognized no impairment related to unproved natural gas properties. Natural gas properties EP 161 EP136 EP 76, 98 and 117 Total Balance at July 1, 2024 $ 23,744,221 $ 51,035,326 $ 155,339,901 $ 230,119,448 Capital expenditure 15,687 234,594 14,659,978 14,910,259 Restoration assets — — 326,433 326,433 Interest on finance lease liability and related depreciation of ROU assets capitalized — — 3,328,639 3,328,639 Effect of changes in foreign exchange rates 1,051,310 2,268,552 7,652,292 10,972,154 Balance at September 30, 2024 $ 24,811,218 $ 53,538,472 $ 181,307,243 $ 259,656,933 Property, Plant and Equipment The Group held property, plant and equipment, including leasehold improvements, as of September 30, 2024 and June 30, 2024 , amounting to $74,792 and $102,244 , respectively. Assets Under Construction In April, 2024 the Group began to execute agreements for long lead items required for the Sturt Plateau Compression Facility (“SPCF”) in the Beetaloo Basin. These items included essential plant components comprising of a compressor and dehydration unit that would convert future raw gas to meet sales gas quality, subject to the terms of definitive development agreements. During the three months ended September 30, 2024, the Group commenced detailed design of the SPCF. The Group held total assets under construction related to the SPCF as of September 30, 2024 and June 30, 2024 of $10,411,399 and $7,542,064 respectively. The 40 MMcf/d SPCF is expected to be connected to the Amadeus Gas Pipeline ("AGP") via the construction of the 35 -kilometer Sturt Plateau Pipeline ("SPP") subject to achieving project milestones and executing further agreements. Loss on Assets Classified as Held for Sale During the three months ended September 30, 2024 , the Group had rig 403 classified as held for sale. In September, 2024 , the Group entered into an exclusivity agreement with a third party for the sale of rig 403 for $8,500,000 (excluding a sales commission of 6% ). On September 30, 2024 , the Group received a non-refundable advance payment of $400,000 for a 30 -day exclusivity period. As this exclusivity agreement indicated a firm offer, the Group recognized a loss on assets held for s ale of $376,000 to reduce the asset to the lower of its carrying amount and the fair value less costs to sell. Subsequent to September 30, 2024 , the Group completed the sale of rig 403. Refer to Note 13 for additional details.

Leases

Leases	3 Months Ended
Leases	Sep. 30, 2024
Leases [Abstract]
Leases	Note 4 – Leases As a Lessee The Group’s operating lease activities consist of leases for office premises. cing July 1, 2024 , the Group entered into a new lease agreement with Drecom Pty Ltd ATF English Family Trust for their office premises in Darwin, Australia. The term of the lease is three years , with an option to further renew the lease for two years . Commencing October 1, 2023 , the Group entered into a new lease agreement with Lendlease IMT (OITST ST) Pty Ltd for their office premises in Barangaroo, Australia. The term of the lease is four years , with no option to renew. On September 9, 2022 , Sweetpea Petroleum Pty Ltd (“Sweetpea”), a wholly owned subsidiary of Tamboran, entered into a drilling contract with Helmerich & Payne International Holdings LLC ("H&P") for H&P to assist the Group in carrying out its onshore drilling operations in Australia. The drilling contract grants Tamboran the right to use the drilling rig from H&P over the non-cancellable contract term of 25 months starting from July 1, 2023. Under the terms of the agreement, the Group has the right to place the drilling rig on a temporary suspension rate between wells for a period up to 270 days (the “Gap Period”). For each day of the Gap Period consumed, additional days are added to the fixed minimum term. As of September 30, 2024 , the end date of the drilling contract for the current rig is mid-July 2026. The drilling contract is recognized as a finance lease under ASC 842 (“H&P Rig Lease”). The present value of the minimum future obligations was calculated based on an interest rate of 13.5% p.a., which was recognized in finance lease liabilities in the condensed consolidated balance sheet. The following table presents the classification and location of the Group’s leases on the condensed consolidated balance sheets: September 30, 2024 June 30, 2024 Right-of-use assets: Operating lease right-of-use assets $ 1,019,104 $ 962,052 Finance lease right-of-use assets 18,164,738 20,697,452 19,183,842 21,659,504 Lease liabilities: Current portion of operating lease obligations 360,801 397,999 Non-current portion of operating lease obligations 725,571 587,250 Current portion of finance lease obligations 18,220,258 12,767,400 Non-current portion of finance lease obligations 9,556,380 14,141,713 $ 28,863,010 $ 27,894,362 For the three months ended September 30, 2024 , and 2023 , the components of the lease costs were as follows: Three months ended September 30, 2024 2023 Operating leases: Operating lease cost charged to profit and loss $ 157,146 $ 70,514 Finance leases: Interest on lease liabilities 795,924 815,910 Depreciation on right-of-use assets 2,532,715 3,097,532 Total finance lease cost 3,328,639 3,913,442 Less: Lease cost capitalized to unproved properties (3,328,639) (3,913,442) Finance lease cost charged to profit and loss $ — $ — The following table presents the cash flow information related to lease payments for the three months ended September 30, 2024 , and 2023 : Three months ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 157,146 $ 70,514 Financing cash flows for finance leases — — $ 157,146 $ 70,514 The following table presents supplemental information for the Group’s non-cancellable leases for the three months ended September 30, 2024 , and 2023 : Three months ended September 30, 2024 2023 Operating leases: Weighted-average remaining lease term 3.57 1.42 Weighted-average incremental borrowing rate 13.50% 3.90% Finance leases: Weighted-average remaining lease term 1.83 2.83 Weighted-average incremental borrowing rate 13.45% 13.45% As of September 30, 2024 , the Group’s undiscounted minimum cash payment obligations for its lease liabilities are as follows: As at September 30, 2024 Operating leases Finance leases Fiscal year ending June 30, 2025 (excluding three months period from July 1, 2024 to September 30, 2024) $ 392,879 $ 15,419,850 Fiscal year ending June 30, 2026 356,745 14,417,500 Fiscal year ending June 30, 2027 368,215 632,000 Thereafter 177,578 — Total lease payments 1,295,417 30,469,350 Less: Imputed interest (209,045) (2,692,712) Present value of lease liabilities $ 1,086,372 $ 27,776,638 As a Lessor On October 15, 2023, the Group entered into an agreement with a third party to sublease its former office premises in Manly, Australia. The commencement date of the sublease was October 1, 2023 , with a lease term of 17 months . Sublease income for the three months ended September 30, 2024 , was $81,637 and is included within “Other expenses, net” on the Group’s condensed consolidated statements of operations and comprehensive loss. There have been no indications of
Leases	Note 4 – Leases As a Lessee The Group’s operating lease activities consist of leases for office premises. cing July 1, 2024 , the Group entered into a new lease agreement with Drecom Pty Ltd ATF English Family Trust for their office premises in Darwin, Australia. The term of the lease is three years , with an option to further renew the lease for two years . Commencing October 1, 2023 , the Group entered into a new lease agreement with Lendlease IMT (OITST ST) Pty Ltd for their office premises in Barangaroo, Australia. The term of the lease is four years , with no option to renew. On September 9, 2022 , Sweetpea Petroleum Pty Ltd (“Sweetpea”), a wholly owned subsidiary of Tamboran, entered into a drilling contract with Helmerich & Payne International Holdings LLC ("H&P") for H&P to assist the Group in carrying out its onshore drilling operations in Australia. The drilling contract grants Tamboran the right to use the drilling rig from H&P over the non-cancellable contract term of 25 months starting from July 1, 2023. Under the terms of the agreement, the Group has the right to place the drilling rig on a temporary suspension rate between wells for a period up to 270 days (the “Gap Period”). For each day of the Gap Period consumed, additional days are added to the fixed minimum term. As of September 30, 2024 , the end date of the drilling contract for the current rig is mid-July 2026. The drilling contract is recognized as a finance lease under ASC 842 (“H&P Rig Lease”). The present value of the minimum future obligations was calculated based on an interest rate of 13.5% p.a., which was recognized in finance lease liabilities in the condensed consolidated balance sheet. The following table presents the classification and location of the Group’s leases on the condensed consolidated balance sheets: September 30, 2024 June 30, 2024 Right-of-use assets: Operating lease right-of-use assets $ 1,019,104 $ 962,052 Finance lease right-of-use assets 18,164,738 20,697,452 19,183,842 21,659,504 Lease liabilities: Current portion of operating lease obligations 360,801 397,999 Non-current portion of operating lease obligations 725,571 587,250 Current portion of finance lease obligations 18,220,258 12,767,400 Non-current portion of finance lease obligations 9,556,380 14,141,713 $ 28,863,010 $ 27,894,362 For the three months ended September 30, 2024 , and 2023 , the components of the lease costs were as follows: Three months ended September 30, 2024 2023 Operating leases: Operating lease cost charged to profit and loss $ 157,146 $ 70,514 Finance leases: Interest on lease liabilities 795,924 815,910 Depreciation on right-of-use assets 2,532,715 3,097,532 Total finance lease cost 3,328,639 3,913,442 Less: Lease cost capitalized to unproved properties (3,328,639) (3,913,442) Finance lease cost charged to profit and loss $ — $ — The following table presents the cash flow information related to lease payments for the three months ended September 30, 2024 , and 2023 : Three months ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 157,146 $ 70,514 Financing cash flows for finance leases — — $ 157,146 $ 70,514 The following table presents supplemental information for the Group’s non-cancellable leases for the three months ended September 30, 2024 , and 2023 : Three months ended September 30, 2024 2023 Operating leases: Weighted-average remaining lease term 3.57 1.42 Weighted-average incremental borrowing rate 13.50% 3.90% Finance leases: Weighted-average remaining lease term 1.83 2.83 Weighted-average incremental borrowing rate 13.45% 13.45% As of September 30, 2024 , the Group’s undiscounted minimum cash payment obligations for its lease liabilities are as follows: As at September 30, 2024 Operating leases Finance leases Fiscal year ending June 30, 2025 (excluding three months period from July 1, 2024 to September 30, 2024) $ 392,879 $ 15,419,850 Fiscal year ending June 30, 2026 356,745 14,417,500 Fiscal year ending June 30, 2027 368,215 632,000 Thereafter 177,578 — Total lease payments 1,295,417 30,469,350 Less: Imputed interest (209,045) (2,692,712) Present value of lease liabilities $ 1,086,372 $ 27,776,638 As a Lessor On October 15, 2023, the Group entered into an agreement with a third party to sublease its former office premises in Manly, Australia. The commencement date of the sublease was October 1, 2023 , with a lease term of 17 months . Sublease income for the three months ended September 30, 2024 , was $81,637 and is included within “Other expenses, net” on the Group’s condensed consolidated statements of operations and comprehensive loss. There have been no indications of
Leases	Note 4 – Leases As a Lessee The Group’s operating lease activities consist of leases for office premises. cing July 1, 2024 , the Group entered into a new lease agreement with Drecom Pty Ltd ATF English Family Trust for their office premises in Darwin, Australia. The term of the lease is three years , with an option to further renew the lease for two years . Commencing October 1, 2023 , the Group entered into a new lease agreement with Lendlease IMT (OITST ST) Pty Ltd for their office premises in Barangaroo, Australia. The term of the lease is four years , with no option to renew. On September 9, 2022 , Sweetpea Petroleum Pty Ltd (“Sweetpea”), a wholly owned subsidiary of Tamboran, entered into a drilling contract with Helmerich & Payne International Holdings LLC ("H&P") for H&P to assist the Group in carrying out its onshore drilling operations in Australia. The drilling contract grants Tamboran the right to use the drilling rig from H&P over the non-cancellable contract term of 25 months starting from July 1, 2023. Under the terms of the agreement, the Group has the right to place the drilling rig on a temporary suspension rate between wells for a period up to 270 days (the “Gap Period”). For each day of the Gap Period consumed, additional days are added to the fixed minimum term. As of September 30, 2024 , the end date of the drilling contract for the current rig is mid-July 2026. The drilling contract is recognized as a finance lease under ASC 842 (“H&P Rig Lease”). The present value of the minimum future obligations was calculated based on an interest rate of 13.5% p.a., which was recognized in finance lease liabilities in the condensed consolidated balance sheet. The following table presents the classification and location of the Group’s leases on the condensed consolidated balance sheets: September 30, 2024 June 30, 2024 Right-of-use assets: Operating lease right-of-use assets $ 1,019,104 $ 962,052 Finance lease right-of-use assets 18,164,738 20,697,452 19,183,842 21,659,504 Lease liabilities: Current portion of operating lease obligations 360,801 397,999 Non-current portion of operating lease obligations 725,571 587,250 Current portion of finance lease obligations 18,220,258 12,767,400 Non-current portion of finance lease obligations 9,556,380 14,141,713 $ 28,863,010 $ 27,894,362 For the three months ended September 30, 2024 , and 2023 , the components of the lease costs were as follows: Three months ended September 30, 2024 2023 Operating leases: Operating lease cost charged to profit and loss $ 157,146 $ 70,514 Finance leases: Interest on lease liabilities 795,924 815,910 Depreciation on right-of-use assets 2,532,715 3,097,532 Total finance lease cost 3,328,639 3,913,442 Less: Lease cost capitalized to unproved properties (3,328,639) (3,913,442) Finance lease cost charged to profit and loss $ — $ — The following table presents the cash flow information related to lease payments for the three months ended September 30, 2024 , and 2023 : Three months ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 157,146 $ 70,514 Financing cash flows for finance leases — — $ 157,146 $ 70,514 The following table presents supplemental information for the Group’s non-cancellable leases for the three months ended September 30, 2024 , and 2023 : Three months ended September 30, 2024 2023 Operating leases: Weighted-average remaining lease term 3.57 1.42 Weighted-average incremental borrowing rate 13.50% 3.90% Finance leases: Weighted-average remaining lease term 1.83 2.83 Weighted-average incremental borrowing rate 13.45% 13.45% As of September 30, 2024 , the Group’s undiscounted minimum cash payment obligations for its lease liabilities are as follows: As at September 30, 2024 Operating leases Finance leases Fiscal year ending June 30, 2025 (excluding three months period from July 1, 2024 to September 30, 2024) $ 392,879 $ 15,419,850 Fiscal year ending June 30, 2026 356,745 14,417,500 Fiscal year ending June 30, 2027 368,215 632,000 Thereafter 177,578 — Total lease payments 1,295,417 30,469,350 Less: Imputed interest (209,045) (2,692,712) Present value of lease liabilities $ 1,086,372 $ 27,776,638 As a Lessor On October 15, 2023, the Group entered into an agreement with a third party to sublease its former office premises in Manly, Australia. The commencement date of the sublease was October 1, 2023 , with a lease term of 17 months . Sublease income for the three months ended September 30, 2024 , was $81,637 and is included within “Other expenses, net” on the Group’s condensed consolidated statements of operations and comprehensive loss. There have been no indications of

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
Accounts Payable and Accrued Expenses	Sep. 30, 2024
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Note 5 – Accounts Payable and Accrued Expenses Accounts payable and accrued expenses included in current liabilities consist of the following: September 30, 2024 June 30, 2024 Accounts payable $ 7,183,077 $ 6,619,320 Accrued payroll 391,002 13,216 Compensated absences 744,222 668,825 Defined contribution superannuation payable — 8,164 Accrued capital expenditure 7,002,385 4,318,703 Accrued expenses 804,619 3,204,371 $ 16,125,305 $ 14,832,599

Asset Retirement Obligations

Asset Retirement Obligations	3 Months Ended
Asset Retirement Obligations	Sep. 30, 2024
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Note 6 – Asset Retirement Obligations The Group recognizes the liability for an asset retirement obligation at their estimated fair value in the period in which the obligation originates. Fair value is estimated using the present value technique (level 2) based on a number of observable inputs including estimates and assumptions such as future retirement costs, future inflation rates and the Group’s credit-adjusted risk-free interest rate. The Group capitalized the present value of the estimated asset retirement obligations as a part of the carrying amount of the related natural gas properties. The liability has been accreted to its present value for three months ended September 30, 2024 . The reconciliation o f changes in asset retirement obligations for the three months ended September 30, 2024 , is as follows: Three months ended September 30, 2024 Beginning asset retirement obligations $ 8,140,992 Liabilities incurred 326,433 Accretion expense 257,738 Effect of changes in foreign exchange rates 366,739 Long-term asset retirement obligations $ 9,091,902

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
Stockholders’ Equity	Sep. 30, 2024
Equity [Abstract]
Stockholders’ Equity	Note 7 – Stockholders’ Equity Movement in Common Stock: Date Tamboran common stock Issue price Details Net proceeds Balance at July 1, 2024 13,915,524 $ 396,924,177 Capital raise July 2024 308,750 $ 24.00 $ 7,410,000 Less: Transaction costs — $ (479,150) 6,930,850 Balance at September 30, 2024 14,224,274 $ 403,855,027 July 2024 Greenshoe Option Subsequent to the Initial Public Offering (“IPO”) in June 2024, the underwriters exercised the greenshoe option granted to them to purchase additional shares of common stock of the Company. Under this option, underwriters purchased a total of 308,750 shares of common stock of the Company on July 30, 2024 . The net proceeds from the IPO and from the issuance under greenshoe option will be used for natural gas exploration and appraisal activities, progressing the Group’s three phases of development and other general corporate purposes.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 8 – Stock-Based Compensation Milestone Options During the three months ended September 30, 2024 , t he Group did not grant any new milestone options to its employees and no milestone options were forfeited. As of September 30, 2024 , the milestone options are substantially below the current market value of the underlying securities. As such, the Company accelerated the recognition of the remaining expense. The Group recognized $138,996 (inclusive of accelerated expense) and $268,403 as stock-based compensation expense related to milestone options for the three months ended September 30, 2024 , and September 30, 2023 , respectively. Restricted Stock Units On August 6, 2024, the Group adopted the 2024 Incentive Award Plan (the "2024 Plan"). As of September 30, 2024 , the maximum number of shares of common stock that may be issued under the 2024 Plan was 1,600,000 shares. The 2024 Plan , allows, among other things, for the grant of Restricted Stock Units ("RSUs"). On August 6, 2024, the Group issued RSUs to certain eligible service providers, employees and executive officers (the “participants”) to provide them an opportunity to participate in the growth and profits of the Group and to attract, motivate, and retain their services to promote the long-term success of the Group. On August 6, 2024, the Company granted 47,400 Restricted Stock Units (“Retention Awards”) to its employees in Australia and U.S. The Retention Awards granted to Australian employees entitle them to CHESS Depository Interests ("CDIs") representing 39,250 shares of common stock (each CDI represents 1/ 200 th of a share of common stock). Similarly, the Retention Awards granted to U.S. employees entitle them to 8,150 shares of common stock. The vesting conditions state that all Retention Awards will vest in full on December 31, 2025, provided the employee remain in service as of the vesting date. The fair value at grant date of the Retention Awards was $21.73 per common stock and $0.109 per CDI. On August 6, 2024, the Company also granted 795,000 Restricted Stock Units (“IPO Awards”) to its employees in Australia and U.S. The IPO Awards granted to Australian employees entitle them to CDIs representing 620,000 shares of common stock. Similarly, the IPO Awards granted to U.S. employees entitle them to 175,000 shares of common stock. The IPO Awards will vest in following three tranches: • Tranche 1 – 397,500 IPO Awards granted to Australian and U.S. employees will vest in full on July 3, 2027, provided the employee remains in service as of the vesting date. The fair value at grant date of Tranche 1 was $21.73 per common stock and $0.109 per CDI. • Tranche 2 – 98,750 IPO Awards granted to Australian and U.S. employees will vest subject to the completion of the Group’s Phase 1 Development Plan to establish first production of the Shenandoah South Pilot Project and establish first production of 40 TJ/d measured by completion of the milestones (“Vesting Trigger Conditions”). Full vesting of Tranche 2 may occur at any time between July 3, 2027, and July 3, 2029, should the Vesting Trigger Conditions be satisfied, or unless otherwise determined by the Board of the Company. The fair value at grant date of Tranche 2 was $21.73 per common stock and $0.109 per CDI. • Tranche 3 – 298,750 IPO Awards granted to Australian and U.S. employees will vest subject to the Company’s Total Shareholder Return (“TSR”) reaching or exceeding the 75th percentile of the Benchmark Index TSR between July 3, 2027, and July 3, 2029. TSR will be measured against the S&P SmallCap 600 Energy (or any other market index determined by the Board in their sole discretion) (“Benchmark Index”) over the same performance measurement period. The fair value at grant date of Tranche 3 was $19.64 per common stock and $0.098 per CDI The grant date fair value of the Tranche 3 RSUs were determined through the use of the Monte Carlo simulation method. This method requires the use of subjective assumptions such as the price and the expected volatility of the Company’s common stock and its self-determined peer group companies’ stock, risk free rate of return, and cross- correlations between the Company and its peer group companies. Expected volatilities for the Company and each peer company utilized in the model are estimated using a historical period consistent with the awards’ remaining performance period as of the grant date. The risk-free interest rate is based on the yield on U.S. Treasury Constant Maturity for a term consistent with the remaining performance period. The valuation model assumes dividends, if any, are immediately reinvested. The following table summarizes the assumptions used to calculate the grant date fair value of the Tranche 3 RSUs granted on August 6, 2024 : Expected term for performance period (in years) 4.9 Expected volatility 74.6% Risk-free interest rate 3.7% The Retention Awards and IPO Awards entitle the participants to receive the equivalent value (in cash or shares of common stock/CDIs) of dividends paid on shares of common stock and CDIs, respectively. The RSUs are not transferable. There are no participation rights or entitlements inherent in the RSUs and the participants will not be entitled to participate in new issues of capital offered to stockholders or holders of CDIs. If the Company makes a bonus issue of common stock, CDIs, or other securities to existing stockholders or holders of CDIs (other than an issue in lieu or in satisfaction of dividends or by way of dividend reinvestment), the number of shares of common stock or CDIs that must be issued on the exercise of a Retention Award or IPO Award, respectively, will be increased by the number of shares of common stock or CDIs that the participant would have received if the participant had exercised the RSUs before the record date for the bonus issue. The following table presents the stock-based compensation expense related to our RSUs for the three months ended September 30, 2024 : Expense recognized during three months ended September 30, 2024 Remaining expense to recognize, if all vesting conditions are met Weighted average remaining contractual term (in years) IPO Awards (Tranche 1) $ 455,471 $ 8,182,204 2.75 IPO Awards (Tranche 2) $ 113,152 $ 2,032,686 2.75 IPO Awards (Tranche 3) $ 309,395 $ 5,558,055 2.75 Retention Awards $ 112,437 $ 917,565 1.25 Total $ 990,455 $ 16,690,510

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 9 – Income Taxes The effective tax rates for the three months ended September 30, 2024 , and 2023 were both nil . The Group’s effective tax rate differed from the applicable statutory income tax rate due to operating losses incurred for the three months ended September 30, 2024 , and 2023 . The Group has accumulated losses for tax purposes as of September 30, 2024 , in the amount of $290,783,210 which may be carried forward and offset against taxable income in the future for an indefinite period, subject to meeting Australian tax rules around continuity of ownership or business continuity test. As of September 30, 2024 , and June 30, 2024 , the Group did not

Loss Per Share

Loss Per Share	3 Months Ended
Loss Per Share	Sep. 30, 2024
Earnings Per Share [Abstract]
Loss Per Share	Note 10 – Loss Per Share Basic net loss per share applicable to common stockholders is computed by dividing earnings applicable to common stockholders by the weighted average number of common shares outstanding. Diluted loss per share assumes the conversion of any convertible securities using the treasury stock method. The computations for basic and diluted loss per share are as follows: Three months ended September 30, 2024 2023 Numerator: Net loss after income tax attributable to Tamboran Resources Corporation stockholders $ (5,894,574) $ (3,189,698) Denominator: Weighted average number of common stock outstanding, basic and diluted 14,124,788 8,486,578 Net loss per share, basic and diluted $ (0.417) $ (0.376) The Company’s potentially dilutive shares, which include outstanding milestone options and RSUs, have not been included in the computation of diluted net loss per share for the three months ended September 30, 2024 , and 2023 as the

Commitment and Contingencies

Commitment and Contingencies	3 Months Ended
Commitment and Contingencies	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11 – Commitments and Contingencies From time to time, the Group may be subject to various claims, title matters and legal proceedings arising in the ordinary course of business, including environmental contamination claims, personal injury and property damage claims, claims related to joint interest billings and other matters under natural gas operating agreements and other contractual disputes. The Group maintains general liability and other insurance to cover some of these potential liabilities. All known liabilities are fully accrued based on the Group’s best estimate of the potential settlement amount. While the outcome and impact on the Group cannot be predicted with certainty, the Group believes that its ultimate liability with respect to any such matters will not have a significant impact or material adverse effect on its financial positions, results of operations or cash flows. Results of operations and cash flows, however, could be significantly impacted in the reporting periods in which such matters are resolved. Capital Commitments September 30, 2024 June 30, 2024 Committed at the reporting date but not recognized as liabilities, payable: Sweetpea $ 24,332,061 $ 23,283,360 EP 161 2,768,940 2,649,600 Beetaloo Joint Venture 65,463,797 62,642,340 Midstream 1,902,385 1,971,843 Sweetpea Sweetpea’s committed spend as of September 30, 2024 , was $24,332,061 which was related to two licenses, EP 136 with total commitments of $14,709,994 and EP 143 with total commitments of $9,622,067 . A renewal application for EP 136 was submitted to the Department of Mining and Energy (“DME”) (formerly the Department of Industry, Tourism and Trade) in September 2023, and approved in July 2024, granting a five -year extension for the period July 24, 2025 to July 23, 2030 with a minimum work program commitment of $14,709,994 . A variation application for EP 143 was submitted to DME in August 2024, and approved in October 2024. The total minimum work program commitments remain the same at $9,622,067 with activity and associated spend being transferred within the license term. EP 161 For the McArthur working interest, we are obligated to contribute our share of expenses to uphold our stake in EP 161. Our commitment through March 2026 is expected to be $2,768,940 based on the minimum work requirements. There are no minimum commitment requirements after March 2026. Beetaloo Joint Venture The terms of the Beetaloo Joint Venture necessitate specific minimum work obligations through May 2028 . These commitments include an expected spend of $65,463,797 related to drilling and multi-stage hydraulic fracturing of five wells, 2D seismic survey, and subsurface studies, with expenditure across EP 76 of $22,264,007 , EP 98 of $20,935,782 and EP 117 of $22,264,008 . An application was submitted to DME on September 26, 2024 to vary the year 2 and 3 work program, and is currently pending resol ution. Midstream Procurement of the long lead items for the SPCF compressor package and dehydration package were placed in June 2024 with progress payments of $1,902,385 required prior to the end of 2025. Environmental The Group’s operations are subject to risks normally associated with the drilling, completion and production of oil and gas, including blowouts, fires, and environmental risks such as oil spills or gas leaks that could expose the Group to liabilities associated with these risks. In the Group’s acquisition of existing or previously drilled well bores, the Group may not be aware of prior environmental safeguards, if any, that were taken at the time such wells were drilled or during such time the wells were operated. The Group maintains comprehensive insurance coverage that it believes is adequate to mitigate the risk of any adverse financial effects associated with these risks. However, should it be determined that a liability exists with respect to any environmental cleanup or restoration, the liability to cure such a violation could still fall upon the Group. No claim has been made, nor is the Group aware of any liability which the Group may have, as it relates to any environmental cleanup, restoration, or the violation of any rules or regulations relating thereto except for the matter discussed above. Legal Proceedings The Group is a party to legal proceedings encountered in the ordinary course of its business. While the ultimate outcome and impact to the Group cannot be predicted with certainty, in the opinion of management, it is remote that these legal proceedings will have a material adverse impact on the Group’s condensed consolidated financial condition, results of

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Note 12 – Related Party Transactions The Group transacts with two shareholders identified as related parties, H&P and Mr. Bryan Sheffield. The transactions during the three months ended September 30, 2024 are as follows. H&P During the year ended June 30, 2023 , the Group entered into a strategic alliance with H&P and secured a $15,000,000 equity investment from H&P (and as a consequence, a member of the H&P Executive Leadership Team was appointed as a director of the Group). The strategic alliance resulted in H&P supporting the Group’s development plans in NT Australia through their equity investment in the Company while at the same time executing on H&P’s strategy to gain more international exposure through the use of drilling rigs in Australia. On July 1, 2023 , the lease commenced with H&P for the use of the FlexRig ® for a 25 -month period (Refer to Note 4 ). During the three months ended September 30, 2024 , the Group incurred cost of $3,951,666 , relating to a combination of site mobilization, standby, drilling, labor and rig move costs, which remains unpaid as of September 30, 2024 in addition to one open payable of $ 745,502 from June 2024. Mr. Sheffield During the three months ended September 30, 2024 , the Group transacted with DWE, an entity controlled by Mr. Sheffield who has been a shareholder in the Company since November 2021. The Group and DWE maintain a 50/ 50 joint venture, TB1 (see Note 2 - Variable Interest Entities). During the three months ended September 30, 2024 , DWE's share of expenditure for which contributions were due was $5,902,678 to fund their share of costs for the Beetaloo Joint Venture. As of September 30, 2024 , the Group had unpaid cash calls owing from DWE in the amount of $3,306,021

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 13 – Subsequent Events Rig 403 sale In October 2024 , the Group completed the disposal of the rig 403 at a price of $8,500,000 (of which the Group had received $400,000 in advance during the three months ended September 30, 2024). The Group paid sales commission of 6% on the sales proceeds in November 2024. Research and Development ("R&D") tax claim In October 2024 , the Group lodged an amended income tax return for the year ended June 30, 2023 claiming eligible R&D expenditure, which is expected to result in a cash refund o f $6,839,963 . The amount has not been recorded as a receivable as it is not virtually certain. SPCF In October 2024 , the Group entered into a Unit Holders and Shareholders Deed with DWE for the establishment of a trust to be owned 50 / 50 by the Group and DWE to own the SPCF. Also in October 2024 , the Group signed a contract with Enscope Pty Ltd ("Enscope"), an Australian engineering consultancy to order long lead items costing $1,976,519 , required for the SPCF. The Group has evaluated its subsequent events occurring after September 30, 2024 , through November 12, 2024 , which represents the date these condensed consolidated financial statements were available to be issued. No further subsequent events have been identified that would require disclosure in these condensed consolidated financial statements.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended
Pay vs Performance Disclosure - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (5,894,574)	$ (3,189,698)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Business and Basis of Prepara_2

Business and Basis of Preparation (Policies)	3 Months Ended
Business and Basis of Preparation (Policies)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern and Management’s Liquidity Plan	Going Concern and Management’s Liquidity Plan The accompanying condensed consolidated financial statements have been prepared on the basis that the Group will continue as a going concern which contemplates the realization of assets and the satisfaction of liabilities in the ordinary and usual course of business. As of September 30, 2024 , the Group had: • not generated revenues since inception, and is unlikely to generate earnings in the immediate or foreseeable future; • a working capital surplus o f $47,264,270 (excluding assets held for sale); • an accumulated deficit of $136,274,345 since inception; and • significant expenditures planned for the unproved properties in the next 12 months. These factors raise substantial doubt regarding the Group’s ability to continue as a going concern for the 12 months following the date these condensed consolidated financial statements were available for issuance. The continuation of the Group as a going concern is dependent upon the ability of the Group to obtain necessary additional capital to fund ongoing exploration, appraisal and development projects and/or obtain gas producing properties to attain future profitable operations. No assurance can be given that the Group will be successful in these efforts in the future. Management has several plans in various stages of progress to source additional funding to provide operating capital for continued growth of the Group. Therefore, these condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded assets and liabilities that might be necessary should
Basis of Presentation of Condensed Consolidated Financial Statements	Basis of Presentation of Condensed Consolidated Financial Statements The accompanying condensed consolidated financial statements have been prepared in conformity with the accounting principles generally accepted in the United States of America (“U.S. GAAP”) and rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim financial statements. Pursuant to such rules and regulations, certain disclosures and information required by U.S. GAAP for complete consolidated financial statements have been condensed or omitted. The accompanying condensed consolidated financial statements and notes therein should be read in conjunction with the financial statements and notes included in our consolidated financial statements for the year ended June 30, 2024 (“Group’s Annual Financial Statements”). These condensed consolidated financial statements reflect all adjustments, in the opinion of management, which include normal and recurring adjustments necessary to fairly state the Group’s consolidated financial position, results of operations, and cash flows for the periods presented herein. The interim results are not necessarily indicative of results for any other future annual or interim period. The June 30, 2024 , condensed consolidated balance sheet was derived from the audited Group’s Annual Financial Statements but does not include all disclosures required by U.S. GAAP for annual financial statements.
Significant Judgments and Accounting Estimates	Significant Judgments and Accounting Estimates The preparation of these condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts of assets and liabilities, revenue and expenses and related disclosures of contingent assets and liabilities reported in the condensed consolidated financial statements and the accompanying notes. There have been no significant changes to the Group’s accounting estimates from
Foreign Currency Translation and Transactions	Foreign Currency Translation These condensed consolidated financial statements are presented in US dollars (“$” or “dollars”) and the functional currency of the Group is the Australian Dollar (“A$”). Adjustments resulting from the translation of functional currency financial statements to reporting currency are accumulated and reported as a part of “Accumulated Other Comprehensive Loss”, a separate component of stockholders’ equity. Foreign Currency Transactions Foreign currency transactions are translated into the Company ’s functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at financial year-end exchange rates of monetary assets and liabilities denominated in
Leases as a Lessee	Leases As a Lessee The Group accounts for leases under ASC 842, Leases (“ASC 842”). The Group determines if an arrangement is a lease at inception of the arrangement and if such lease will be classified as an operating lease or a finance lease. The Group’s leases represent its right to use an underlying asset for the lease term. Right-of-use (“ROU”) assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As the Group’s leases do not provide an implicit rate, the Group used a proxy for its incremental borrowing rate, which is the rate incurred to borrow on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. The Group has elected to account for lease and non-lease components in its contracts as a single lease component for all asset classes except for office premises. Operating leases are included in “Operating lease right-of-use assets” within the Group’s condensed consolidated balance sheet. The Group’s related obligation to make lease payments are included in “Current portion of operating lease obligations” and “Operating lease obligations” within the Group’s condensed consolidated balance sheet. Operating lease expense for lease payments is recognized on a straight-line basis over the lease term. Finance leases are included in “Finance lease right-of-use assets” within the Group’s condensed consolidated balance sheet. The Group’s related obligation to make lease payments are included in “Current portion of finance lease obligations” and “Finance lease obligations” within the Group’s condensed consolidated balance sheet. Finance lease expense includes amortization of the ROU assets and interest on lease liabilities. The Group capitalizes the finance lease expense as a part of unproved properties when the leased asset is directly involved in the drilling of wells (i.e. the finance lease expense is a direct cost of drilling wells). Leases with a lease term of 12 months or less are not recorded on the condensed consolidated balance sheet and are recognized as lease expense on a straight-line basis over the lease term. When it is reasonably certain the Group will
Leases as a Lessor	As a Lessor Sublease income is recognized on a straight-line basis over the term of the sublease agreement and is recorded within
Natural Gas Properties	Natural Gas Properties The Group is in the exploration stage and has not yet realized any revenues from its operations. The Group holds a number of exploration permits that are grouped into areas of interest according to geographical and geological attributes. Expenditure incurred in each area of interest is accounted for using the successful efforts method, as defined within ASC 932, Extractive Activities – Oil and Gas . Under this method, all general exploration and evaluation costs such as geological and geophysical costs are expensed as incurred. The direct costs of acquiring the rights to explore, drilling exploratory wells, and evaluating the results of drilling are capitalized as exploration and evaluation assets (as a part of unproved properties) pending the determination of the results of the well. If a well does not result in hydrocarbons being present, the previously capitalized costs are immediately expensed.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
Variable Interest Entities (Tables)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Balance Sheet	The following table summarizes the carrying amounts of TB1’s assets and liabilities included in the Group’s condensed consolidated balance sheet as of September 30, 2024 and June 30, 2024: September 30, 2024 June 30, 2024 ASSETS Current assets Cash and cash equivalents $ 8,454,574 $ 1,488,541 Trade and other receivables: Joint interest billing 3,096,440 10,298,322 Intercompany receivable 5,526,088 7,415,684 ATO receivable 1,138,054 615,480 Prepaid expenses and other current assets 1,805,605 1,476,094 Total current assets 20,020,761 21,294,121 Natural gas properties, successful efforts method: Unproved properties 194,418,892 167,998,061 Assets under construction- natural gas equipment 10,411,398 7,542,064 Finance lease right-of-use assets 19,096,969 20,697,452 Prepaid expenses and other non-current assets 402,565 385,215 Total non-current assets 224,329,824 196,622,792 TOTAL ASSETS $ 244,350,585 $ 217,916,913 LIABILITIES Current liabilities Accounts payable and accrued expenses $ 12,098,118 $ 10,569,865 Current portion of finance lease obligations 18,795,312 12,767,400 Total current liabilities 30,893,430 23,337,265 Finance lease obligations 10,193,335 14,141,713 Asset retirement obligations 4,821,472 4,174,178 Loan from Tamboran 128,124,936 113,096,572 Total non-current liabilities 143,139,743 131,412,463 TOTAL LIABILITIES $ 174,033,173 $ 154,749,728

Property, Plant and Equipment_2

Property, Plant and Equipment & Natural Gas Properties (Tables)	3 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Oil and Gas, Capitalized Exploratory Well Cost, Roll Forward	Natural gas properties EP 161 EP136 EP 76, 98 and 117 Total Balance at July 1, 2024 $ 23,744,221 $ 51,035,326 $ 155,339,901 $ 230,119,448 Capital expenditure 15,687 234,594 14,659,978 14,910,259 Restoration assets — — 326,433 326,433 Interest on finance lease liability and related depreciation of ROU assets capitalized — — 3,328,639 3,328,639 Effect of changes in foreign exchange rates 1,051,310 2,268,552 7,652,292 10,972,154 Balance at September 30, 2024 $ 24,811,218 $ 53,538,472 $ 181,307,243 $ 259,656,933

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Sep. 30, 2024
Leases [Abstract]
Assets and Liabilities, Lessee	The following table presents the classification and location of the Group’s leases on the condensed consolidated balance sheets: September 30, 2024 June 30, 2024 Right-of-use assets: Operating lease right-of-use assets $ 1,019,104 $ 962,052 Finance lease right-of-use assets 18,164,738 20,697,452 19,183,842 21,659,504 Lease liabilities: Current portion of operating lease obligations 360,801 397,999 Non-current portion of operating lease obligations 725,571 587,250 Current portion of finance lease obligations 18,220,258 12,767,400 Non-current portion of finance lease obligations 9,556,380 14,141,713 $ 28,863,010 $ 27,894,362 The following table presents supplemental information for the Group’s non-cancellable leases for the three months ended September 30, 2024 , and 2023 : Three months ended September 30, 2024 2023 Operating leases: Weighted-average remaining lease term 3.57 1.42 Weighted-average incremental borrowing rate 13.50% 3.90% Finance leases: Weighted-average remaining lease term 1.83 2.83 Weighted-average incremental borrowing rate 13.45% 13.45%
Lease, Cost	For the three months ended September 30, 2024 , and 2023 , the components of the lease costs were as follows: Three months ended September 30, 2024 2023 Operating leases: Operating lease cost charged to profit and loss $ 157,146 $ 70,514 Finance leases: Interest on lease liabilities 795,924 815,910 Depreciation on right-of-use assets 2,532,715 3,097,532 Total finance lease cost 3,328,639 3,913,442 Less: Lease cost capitalized to unproved properties (3,328,639) (3,913,442) Finance lease cost charged to profit and loss $ — $ — The following table presents the cash flow information related to lease payments for the three months ended September 30, 2024 , and 2023 : Three months ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 157,146 $ 70,514 Financing cash flows for finance leases — — $ 157,146 $ 70,514
Lessee, Operating Lease, Liability, to be Paid, Maturity	As of September 30, 2024 , the Group’s undiscounted minimum cash payment obligations for its lease liabilities are as follows: As at September 30, 2024 Operating leases Finance leases Fiscal year ending June 30, 2025 (excluding three months period from July 1, 2024 to September 30, 2024) $ 392,879 $ 15,419,850 Fiscal year ending June 30, 2026 356,745 14,417,500 Fiscal year ending June 30, 2027 368,215 632,000 Thereafter 177,578 — Total lease payments 1,295,417 30,469,350 Less: Imputed interest (209,045) (2,692,712) Present value of lease liabilities $ 1,086,372 $ 27,776,638
Finance Lease, Liability, to be Paid, Maturity	As of September 30, 2024 , the Group’s undiscounted minimum cash payment obligations for its lease liabilities are as follows: As at September 30, 2024 Operating leases Finance leases Fiscal year ending June 30, 2025 (excluding three months period from July 1, 2024 to September 30, 2024) $ 392,879 $ 15,419,850 Fiscal year ending June 30, 2026 356,745 14,417,500 Fiscal year ending June 30, 2027 368,215 632,000 Thereafter 177,578 — Total lease payments 1,295,417 30,469,350 Less: Imputed interest (209,045) (2,692,712) Present value of lease liabilities $ 1,086,372 $ 27,776,638

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
Accounts Payable and Accrued Expenses (Tables)	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	Accounts payable and accrued expenses included in current liabilities consist of the following: September 30, 2024 June 30, 2024 Accounts payable $ 7,183,077 $ 6,619,320 Accrued payroll 391,002 13,216 Compensated absences 744,222 668,825 Defined contribution superannuation payable — 8,164 Accrued capital expenditure 7,002,385 4,318,703 Accrued expenses 804,619 3,204,371 $ 16,125,305 $ 14,832,599

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	3 Months Ended
Asset Retirement Obligations (Tables)	Sep. 30, 2024
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Change in Asset Retirement Obligation	The reconciliation o f changes in asset retirement obligations for the three months ended September 30, 2024 , is as follows: Three months ended September 30, 2024 Beginning asset retirement obligations $ 8,140,992 Liabilities incurred 326,433 Accretion expense 257,738 Effect of changes in foreign exchange rates 366,739 Long-term asset retirement obligations $ 9,091,902

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	3 Months Ended
Stockholders’ Equity (Tables)	Sep. 30, 2024
Equity [Abstract]
Schedule of Common Stock Outstanding Roll Forward	Movement in Common Stock: Date Tamboran common stock Issue price Details Net proceeds Balance at July 1, 2024 13,915,524 $ 396,924,177 Capital raise July 2024 308,750 $ 24.00 $ 7,410,000 Less: Transaction costs — $ (479,150) 6,930,850 Balance at September 30, 2024 14,224,274 $ 403,855,027

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
Stock-Based Compensation (Tables)	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Payment Award, Equity Instruments Other than Options, Valuation Assumptions	The following table summarizes the assumptions used to calculate the grant date fair value of the Tranche 3 RSUs granted on August 6, 2024 : Expected term for performance period (in years) 4.9 Expected volatility 74.6% Risk-free interest rate 3.7%
Share-Based Payment Arrangement, Cost by Plan	The following table presents the stock-based compensation expense related to our RSUs for the three months ended September 30, 2024 : Expense recognized during three months ended September 30, 2024 Remaining expense to recognize, if all vesting conditions are met Weighted average remaining contractual term (in years) IPO Awards (Tranche 1) $ 455,471 $ 8,182,204 2.75 IPO Awards (Tranche 2) $ 113,152 $ 2,032,686 2.75 IPO Awards (Tranche 3) $ 309,395 $ 5,558,055 2.75 Retention Awards $ 112,437 $ 917,565 1.25 Total $ 990,455 $ 16,690,510

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
Loss Per Share (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The computations for basic and diluted loss per share are as follows: Three months ended September 30, 2024 2023 Numerator: Net loss after income tax attributable to Tamboran Resources Corporation stockholders $ (5,894,574) $ (3,189,698) Denominator: Weighted average number of common stock outstanding, basic and diluted 14,124,788 8,486,578 Net loss per share, basic and diluted $ (0.417) $ (0.376)

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	3 Months Ended
Commitment and Contingencies (Tables)	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Unrecorded Unconditional Purchase Obligations Disclosure	September 30, 2024 June 30, 2024 Committed at the reporting date but not recognized as liabilities, payable: Sweetpea $ 24,332,061 $ 23,283,360 EP 161 2,768,940 2,649,600 Beetaloo Joint Venture 65,463,797 62,642,340 Midstream 1,902,385 1,971,843

Business and Basis of Prepara_3

Business and Basis of Preparation (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital surplus	$ 47,264,270
Accumulated deficit	$ 136,274,345	$ 130,379,771

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details)	Jun. 03, 2024	Sep. 18, 2022	Mar. 21, 2024	Mar. 04, 2024	Nov. 09, 2022
Falcon \| Beetaloo Basin
Variable Interest Entity [Line Items]
Equity, ownership percentage					22.50%
Falcon \| Beetaloo Basin, SS2 Well Pad \| Maximum
Variable Interest Entity [Line Items]
Equity, ownership percentage				5%
Beetaloo Basin
Variable Interest Entity [Line Items]
Equity, ownership percentage					38.75%
Beetaloo Basin \| Tamboran (B1) Pty Ltd ("TB1")
Variable Interest Entity [Line Items]
Equity, ownership percentage					77.50%
Beetaloo Basin \| Daly Waters Energy, LP (“DWE”)
Variable Interest Entity [Line Items]
Equity, ownership percentage					38.75%
Beetaloo Basin, SS2 Well Pad \| Tamboran (B1) Pty Ltd ("TB1") \| Minimum
Variable Interest Entity [Line Items]
Equity, ownership percentage			95%
Variable interest entity, primary beneficiary \| Daly Waters Energy, LP (“DWE”) \| Tamboran (B1) Pty Ltd ("TB1")
Variable Interest Entity [Line Items]
Joint venture, ownership percentage	50%	50%

Variable Interest Entities - Ba

Variable Interest Entities - Balance sheet (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Current assets
Cash and cash equivalents	$ 74,042,004	$ 74,745,897
Trade and other receivables:
Joint interest billing	3,096,440	10,298,322
ATO receivable	1,471,724	700,115
Prepaid expenses and other current assets	3,350,342	3,209,033
Total current assets	89,960,634	97,330,881
Finance lease right-of-use assets	18,164,738	20,697,452
Prepaid expenses and other non-current assets	1,932,677	1,889,890
Total non-current assets	291,259,643	261,313,150
TOTAL ASSETS	381,220,277	358,644,031
Current liabilities
Accounts payable and accrued expenses	16,125,305	14,832,599
Current portion of finance lease obligations	18,220,258	12,767,400
Total current liabilities	34,706,364	27,997,998
Finance lease obligations	9,556,380	14,141,713
Asset retirement obligations	9,091,902	8,140,992
Total non-current liabilities	19,472,625	22,960,333
Total liabilities	54,178,989	50,958,331
Unproved properties
Trade and other receivables:
Natural gas properties, successful efforts method	259,656,933	230,119,448
Assets under construction - natural gas equipment
Trade and other receivables:
Natural gas properties, successful efforts method	10,411,399	7,542,064
Variable interest entity, primary beneficiary
Current assets
Cash and cash equivalents	8,454,574	1,488,541
Trade and other receivables:
Joint interest billing	3,096,440	10,298,322
Intercompany receivable	5,526,088	7,415,684
ATO receivable	1,138,054	615,480
Prepaid expenses and other current assets	1,805,605	1,476,094
Total current assets	20,020,761	21,294,121
Finance lease right-of-use assets	19,096,969	20,697,452
Prepaid expenses and other non-current assets	402,565	385,215
Total non-current assets	224,329,824	196,622,792
TOTAL ASSETS	244,350,585	217,916,913
Current liabilities
Accounts payable and accrued expenses	12,098,118	10,569,865
Current portion of finance lease obligations	18,795,312	12,767,400
Total current liabilities	30,893,430	23,337,265
Finance lease obligations	10,193,335	14,141,713
Asset retirement obligations	4,821,472	4,174,178
Loan from Tamboran	128,124,936	113,096,572
Total non-current liabilities	143,139,743	131,412,463
Total liabilities	174,033,173	154,749,728
Variable interest entity, primary beneficiary \| Unproved properties
Trade and other receivables:
Natural gas properties, successful efforts method	194,418,892	167,998,061
Variable interest entity, primary beneficiary \| Assets under construction - natural gas equipment
Trade and other receivables:
Natural gas properties, successful efforts method	$ 10,411,398	$ 7,542,064

Property, Plant and Equipment_3

Property, Plant and Equipment & Natural Gas Properties - Narrative (Details)		1 Months Ended	3 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Apr. 30, 2024 km MMcf / d
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	$ 74,792	$ 74,792	$ 74,792		$ 102,244
Sturt plateau compression facility (“SPCF”), volume \| MMcf / d						40
Sturt plateau pipeline (SPP), distance \| km						35
Advance received for sale of assets held for sale			400,000	$ 0
Loss on remeasurement of assets classified as held for sale			(376,000)	$ 0
Unproved properties
Property, Plant and Equipment [Line Items]
Natural gas properties, successful efforts method	259,656,933	259,656,933	259,656,933		230,119,448
Assets under construction - natural gas equipment
Property, Plant and Equipment [Line Items]
Natural gas properties, successful efforts method	10,411,399	10,411,399	10,411,399		$ 7,542,064
Rig 403
Property, Plant and Equipment [Line Items]
Asset, held-for-sale, not part of disposal group	8,500,000	$ 8,500,000	$ 8,500,000
Asset, held-for-sale, sales commission percentage		6%
Advance received for sale of assets held for sale	$ 400,000	$ 400,000
Asset, held-for-sale, exclusivity period	30 days
Loss on remeasurement of assets classified as held for sale	$ (376,000)

Property, Plant and Equipment_4

Property, Plant and Equipment & Natural Gas Properties - Oil and Gas, Capitalized Exploratory Well Cost, Roll Forward (Details) - Unproved properties	3 Months Ended
	Sep. 30, 2024 USD ($)
Oil and Gas, Capitalized Exploratory Well Cost [Roll Forward]
Balance at July 1, 2024	$ 230,119,448
Capital expenditure	14,910,259
Restoration assets	326,433
Interest on finance lease liability and related depreciation of ROU assets capitalized	3,328,639
Effect of changes in foreign exchange rates	10,972,154
Balance at September 30, 2024	259,656,933
EP 161
Oil and Gas, Capitalized Exploratory Well Cost [Roll Forward]
Balance at July 1, 2024	23,744,221
Capital expenditure	15,687
Restoration assets	0
Interest on finance lease liability and related depreciation of ROU assets capitalized	0
Effect of changes in foreign exchange rates	1,051,310
Balance at September 30, 2024	24,811,218
EP136
Oil and Gas, Capitalized Exploratory Well Cost [Roll Forward]
Balance at July 1, 2024	51,035,326
Capital expenditure	234,594
Restoration assets	0
Interest on finance lease liability and related depreciation of ROU assets capitalized	0
Effect of changes in foreign exchange rates	2,268,552
Balance at September 30, 2024	53,538,472
EP 76, 98 and 117
Oil and Gas, Capitalized Exploratory Well Cost [Roll Forward]
Balance at July 1, 2024	155,339,901
Capital expenditure	14,659,978
Restoration assets	326,433
Interest on finance lease liability and related depreciation of ROU assets capitalized	3,328,639
Effect of changes in foreign exchange rates	7,652,292
Balance at September 30, 2024	$ 181,307,243

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($)		3 Months Ended
Leases - Narrative (Details) - USD ($)	Jul. 01, 2023	Sep. 30, 2024	Oct. 01, 2024	Jul. 01, 2024	Oct. 15, 2023
Lessee, Lease, Description [Line Items]
Finance lease, discount rate	13.50%
Lessor, term of contract					17 months
Operating lease, lease income		$ 81,637
Building
Lessee, Lease, Description [Line Items]
Term of contract, office building				3 years
Renewal term of contract				2 years
Building \| Subsequent Event
Lessee, Lease, Description [Line Items]
Term of contract, office building			4 years
Equipment
Lessee, Lease, Description [Line Items]
Term of contract, rig	25 months
Lease, gap period	270 days

Leases - Balance sheet balances

Leases - Balance sheet balances (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Right-of-use assets
Operating lease right-of-use assets	$ 1,019,104	$ 962,052
Finance lease right-of-use assets	18,164,738	20,697,452
Right-of-use assets	19,183,842	21,659,504
Lease liabilities
Current portion of operating lease obligations	360,801	397,999
Non-current portion of operating lease obligations	725,571	587,250
Current portion of finance lease obligations	18,220,258	12,767,400
Non-current portion of finance lease obligations	9,556,380	14,141,713
Lease liabilities	$ 28,863,010	$ 27,894,362

Leases - Income Statement trans

Leases - Income Statement transactions (Details) - USD ($)	3 Months Ended
Leases - Income Statement transactions (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Operating leases
Operating lease cost charged to profit and loss	$ 157,146	$ 70,514
Finance leases
Interest on lease liabilities	795,924	815,910
Depreciation on right-of-use assets	2,532,715	3,097,532
Total finance lease cost	3,328,639	3,913,442
Less: Lease cost capitalized to unproved properties	(3,328,639)	(3,913,442)
Finance lease cost charged to profit and loss	$ 0	$ 0

Leases - Cash Flow disclosure (

Leases - Cash Flow disclosure (Details) - USD ($)	3 Months Ended
Leases - Cash Flow disclosure (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating cash flows for operating leases	$ 157,146	$ 70,514
Financing cash flows for finance leases	0	0
Cash paid for amounts included in the measurement of lease liabilities	$ 157,146	$ 70,514

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term And Discount Rates (Details)	Sep. 30, 2024	Sep. 30, 2023
Operating leases
Weighted-average remaining lease term	3 years 6 months 25 days	1 year 5 months 1 day
Weighted-average incremental borrowing rate	13.50%	3.90%
Finance leases
Weighted-average remaining lease term	1 year 9 months 29 days	2 years 9 months 29 days
Weighted-average incremental borrowing rate	13.45%	13.45%

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liabilities (Details)	Sep. 30, 2024 USD ($)
Operating leases
Fiscal year ending June 30, 2025 (excluding three months period from July 1, 2024 to September 30, 2024)	$ 392,879
Fiscal year ending June 30, 2026	356,745
Fiscal year ending June 30, 2027	368,215
Thereafter	177,578
Total lease payments	1,295,417
Less: Imputed interest	(209,045)
Present value of lease liabilities	1,086,372
Finance leases
Fiscal year ending June 30, 2025 (excluding three months period from July 1, 2024 to September 30, 2024)	15,419,850
Fiscal year ending June 30, 2026	14,417,500
Fiscal year ending June 30, 2027	632,000
Thereafter	0
Total lease payments	30,469,350
Less: Imputed interest	(2,692,712)
Present value of lease liabilities	$ 27,776,638

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Payables and Accruals [Abstract]
Accounts payable	$ 7,183,077	$ 6,619,320
Accrued payroll	391,002	13,216
Compensated absences	744,222	668,825
Defined contribution superannuation payable	0	8,164
Accrued capital expenditure	7,002,385	4,318,703
Accrued expenses	804,619	3,204,371
Accounts payable and accrued expenses	$ 16,125,305	$ 14,832,599

Asset Retirement Obligations (D

Asset Retirement Obligations (Details) - USD ($)	3 Months Ended
Asset Retirement Obligations (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Beginning asset retirement obligations	$ 8,140,992
Liabilities incurred	326,433
Accretion expense	257,738	$ 214,315
Effect of changes in foreign exchange rates	366,739
Long-term asset retirement obligations	$ 9,091,902

Stockholders_ Equity - Movement

Stockholders’ Equity - Movement in common stock (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 31, 2024	Sep. 30, 2024	Sep. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, shares, issued at the beginning of the period (in shares)	13,915,524	13,915,524
Common stock, value, net proceeds accumulated at beginning of period	$ 396,924,177	$ 396,924,177
Capital Raise (in shares)	308,750
Issue price (in USD per share)	$ 24
Capital raise	$ 7,410,000
Less: Transaction costs	$ (479,150)	(2,120,042)	$ (1,752,807)
Consideration after transaction cost		$ 6,930,850
Common stock, shares, issued at the end of the period (in shares)		14,224,274
Common stock, value, net proceeds accumulated at end of period		$ 403,855,027

Stockholders_ Equity - Narrativ

Stockholders’ Equity - Narrative (Details)	1 Months Ended
Stockholders’ Equity - Narrative (Details)	Jul. 31, 2024 shares
Subsidiary or Equity Method Investee [Line Items]
Stock issued during period (in shares)	308,750
Greenshoe option
Subsidiary or Equity Method Investee [Line Items]
Stock issued during period (in shares)	308,750

Stock-Based Compensation - Mile

Stock-Based Compensation - Milestone Options (Details) - Employee stock option - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment expense	$ 138,996	$ 268,403
Share-based payment arrangement, employee
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options, grant in period (in shares)	0
Options, forfeitures in period (in shares)	0

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Units (Details) - $ / shares	Aug. 06, 2024	Sep. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of CDI exchanged for one common stock (in shares)	200
2024 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares authorized (in shares)		1,600,000
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| Retention Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation grants in period (in shares)	47,400
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| U.S. Retention awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares, issued (in shares)	8,150
Fair value at grant date (in USD per share)	$ 21.73
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| Australia Retention awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares, issued (in shares)	39,250
Fair value at grant date (in USD per share)	$ 0.109
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| IPO Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation grants in period (in shares)	795,000
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| IPO Awards \| Tranche 1
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation grants in period (in shares)	397,500
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| IPO Awards \| Tranche 2
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation grants in period (in shares)	98,750
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| IPO Awards \| Tranche 3
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation grants in period (in shares)	298,750
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| U.S. IPO awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares, issued (in shares)	175,000
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| U.S. IPO awards \| Tranche 1
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value at grant date (in USD per share)	$ 21.73
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| U.S. IPO awards \| Tranche 2
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value at grant date (in USD per share)	21.73
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| U.S. IPO awards \| Tranche 3
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value at grant date (in USD per share)	$ 19.64
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| Australia IPO awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares, issued (in shares)	620,000
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| Australia IPO awards \| Tranche 1
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value at grant date (in USD per share)	$ 0.109
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| Australia IPO awards \| Tranche 2
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value at grant date (in USD per share)	0.109
Restricted Stock Units (RSUs) \| Share-based payment arrangement, employee \| Australia IPO awards \| Tranche 3
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value at grant date (in USD per share)	$ 0.098

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value Assumptions (Details) - Restricted Stock Units (RSUs) - Tranche 3 - 2024 Plan - Share-based payment arrangement, employee	3 Months Ended
	Sep. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected term for performance period (in years)	4 years 10 months 24 days
Expected volatility	74.60%
Risk-free interest rate	3.70%

Stock-Based Compensation - Expe

Stock-Based Compensation - Expense related disclosures (Details) - Restricted Stock Units (RSUs)	3 Months Ended
	Sep. 30, 2024 USD ($)
2024 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expense recognized during three months ended September 30, 2024	$ 990,455
Remaining expense to recognize, if all vesting conditions are met	16,690,510
IPO Awards \| Tranche 1
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expense recognized during three months ended September 30, 2024	455,471
Remaining expense to recognize, if all vesting conditions are met	$ 8,182,204
Weighted average remaining contractual term (in years)	2 years 9 months
IPO Awards \| Tranche 2
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expense recognized during three months ended September 30, 2024	$ 113,152
Remaining expense to recognize, if all vesting conditions are met	$ 2,032,686
Weighted average remaining contractual term (in years)	2 years 9 months
IPO Awards \| Tranche 3
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expense recognized during three months ended September 30, 2024	$ 309,395
Remaining expense to recognize, if all vesting conditions are met	$ 5,558,055
Weighted average remaining contractual term (in years)	2 years 9 months
Retention Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expense recognized during three months ended September 30, 2024	$ 112,437
Remaining expense to recognize, if all vesting conditions are met	$ 917,565
Weighted average remaining contractual term (in years)	1 year 3 months

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
Income Taxes (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Effective Income Tax Rate Reconciliation [Line Items]
Effective tax rate reconciliation, percent	0%	0%
Foreign Tax Jurisdiction
Effective Income Tax Rate Reconciliation [Line Items]
Operating loss carryforwards	$ 290,783,210

Loss Per Share (Details)

Loss Per Share (Details) - USD ($)	3 Months Ended
Loss Per Share (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net loss after income tax attributable to Tamboran Resources Corporation stockholders	$ (5,894,574)	$ (3,189,698)
Denominator:
Weighted average number of common stock outstanding, basic (in shares)	14,124,788	8,486,578
Weighted average number of common stock outstanding, diluted (in shares)	14,124,788	8,486,578
Net loss per share, basic (in USD per share)	$ (0.417)	$ (0.376)
Net loss per share, diluted (in USD per share)	$ (0.417)	$ (0.376)

Commitment and Contingencies -

Commitment and Contingencies - Schedule of committed not recognized liabilities (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Sweetpea
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	$ 24,332,061	$ 23,283,360
EP 161
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	2,768,940	2,649,600
Beetaloo Joint Venture
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	65,463,797	62,642,340
Midstream
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	$ 1,902,385	$ 1,971,843

Commitment and Contingencies _2

Commitment and Contingencies - Narrative (Details)	3 Months Ended
Commitment and Contingencies - Narrative (Details)	Sep. 30, 2024 USD ($) well license	Jun. 30, 2024 USD ($)
Sweetpea
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	$ 24,332,061	$ 23,283,360
Number of licenses \| license	2
Sweetpea \| EP136
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	$ 14,709,994
Unrecorded unconditional purchase obligation, term	5 years
Sweetpea \| EP 143
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	$ 9,622,067
EP 161
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	2,768,940	2,649,600
Beetaloo Joint Venture
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	$ 65,463,797	62,642,340
Number of wells \| well	5
Beetaloo Joint Venture \| EP 76
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	$ 22,264,007
Beetaloo Joint Venture \| EP 98
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	20,935,782
Beetaloo Joint Venture \| EP 117
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	22,264,008
Midstream
Other Commitments [Line Items]
Committed at the reporting date but not recognized as liabilities, payable	$ 1,902,385	$ 1,971,843

Related Party Transactions (Det

Related Party Transactions (Details)			3 Months Ended		12 Months Ended
Related Party Transactions (Details)	Jun. 03, 2024	Sep. 18, 2022	Sep. 30, 2024 USD ($) shareholder	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jul. 01, 2023
Related Party Transaction [Line Items]
Number of shareholders \| shareholder			2
Proceeds from issue of common stock				$ 36,151,220
Finance lease right-of-use assets			$ 18,164,738			$ 20,697,452
Finance lease obligations			9,556,380			14,141,713
Equipment
Related Party Transaction [Line Items]
Term of contract, rig							25 months
Majority shareholder
Related Party Transaction [Line Items]
Finance lease right-of-use assets			3,951,666
Finance lease obligations			745,502
Majority shareholder \| Equity investment
Related Party Transaction [Line Items]
Proceeds from issue of common stock					$ 15,000,000
Variable interest entity, primary beneficiary
Related Party Transaction [Line Items]
Finance lease right-of-use assets			19,096,969			20,697,452
Finance lease obligations			10,193,335			$ 14,141,713
Variable interest entity, primary beneficiary \| Daly Waters Energy, LP (“DWE”) \| Tamboran (B1) Pty Ltd ("TB1")
Related Party Transaction [Line Items]
Joint venture, ownership percentage	50%	50%
Variable interest entity, primary beneficiary \| Daly Waters Energy, LP (“DWE”) \| Beetaloo Basin \| Co-venturer
Related Party Transaction [Line Items]
Expenditures for which contributions are due			5,902,678
Unpaid cash calls receivable			$ 3,306,021

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)			1 Months Ended		3 Months Ended
Subsequent Events (Details) - USD ($)	Nov. 12, 2024	Sep. 30, 2024	Oct. 31, 2024	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Subsequent Event [Line Items]
Advance received for sale of assets held for sale					$ 400,000	$ 0
Assets under construction - natural gas equipment
Subsequent Event [Line Items]
Natural gas properties, successful efforts method		$ 10,411,399		$ 10,411,399	10,411,399		$ 7,542,064
Subsequent Event
Subsequent Event [Line Items]
Eligible R&D expenditure claimed			$ 6,839,963
Subsequent Event \| Daly Waters Energy, LP (“DWE”) \| Sturt Plateau Compression Facility ("SPCF")
Subsequent Event [Line Items]
Trust, percentage ownership			50%
Subsequent Event \| Enscope Pty Ltd (Enscope) \| Assets under construction - natural gas equipment
Subsequent Event [Line Items]
Natural gas properties, successful efforts method			$ 1,976,519
Rig 403
Subsequent Event [Line Items]
Asset, held-for-sale, not part of disposal group		8,500,000		8,500,000	$ 8,500,000
Advance received for sale of assets held for sale		$ 400,000		$ 400,000
Asset, held-for-sale, sales commission percentage				6%
Rig 403 \| Subsequent Event
Subsequent Event [Line Items]
Asset, held-for-sale, not part of disposal group			$ 8,500,000
Asset, held-for-sale, sales commission percentage	6%