Tamboran Resources Corp — Director's Dealing 2025

Jul 24, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Tamboran Resources Corp (TBN)
CIK: 0001997652
Period of Report: 2025-07-22

Reporting Person: Sheffield Bryan (N/A)
Reporting Person: Sheffield Holdings, LP (N/A)
Reporting Person: Spraberry Interests, LLC (N/A)
Reporting Person: Daly Waters Energy, LP (N/A)
Reporting Person: Formentera Australia Fund I GP, LP (N/A)
Reporting Person: Formentera Investments LLC (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-07-22	Common Stock	P	563697	$17.74	Acquired	3123601	Indirect

Footnotes

F1: The shares were issued to Daly Waters Energy, LP ("Daly Waters") in satisfaction of The shares were purchased by Daly Waters Energy, LP ("Daly Waters") in a private placement (the "PIPE Investment") pursuant to that certain subscription agreement, dated May 12, 2025, by and between the Issuer and Daly Waters. The consummation of the PIPE Investment was subject to certain customary conditions to closing, including the approval of the Issuer's stockholders. The closing conditions were satisfied, and the PIPE Investment closed on July 22, 2025.

F2: Represents 2,247,404 securities held directly by Sheffield Holdings, LP ("Sheffield Holdings") and 876,197 securities held directly by Daly Waters. Spraberry Interests, LLC is the general partner of Sheffield Holdings. Bryan Sheffield is the manager of Spraberry Interests, LLC. As a result, each of Mr. Sheffield and Spraberry Interests, LLC may be deemed to share beneficial ownership of the shares held directly by Sheffield Holdings. Formentera Australia Fund I GP, LP is the general partner of Daly Waters. Formentera Investments LLC is the general partner of Formentera Australia Fund I GP, LP. Bryan Sheffield is the managing member of Formentera Investments. As a result, each of Mr. Sheffield, Formentera Australia and Formentera Investments may be deemed to share beneficial ownership of the shares held directly by Daly Waters. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its or his pecuniary interest therein, if any.