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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Dec. 31, 2024
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 59,442,407 $ 74,745,897
Trade and other receivables:    
Joint interest billing 3,565,181 10,298,322
ATO receivable 2,072,833 700,115
Other tax receivables 45,478 11,514
Assets held for sale 0 8,366,000
Prepaid expenses and other current assets 2,188,368 3,209,033
Total current assets 67,314,267 97,330,881
Property, plant and equipment, net 222,898 102,244
Operating lease right-of-use assets 833,824 962,052
Finance lease right-of-use assets 15,632,023 20,697,452
Prepaid expenses and other non-current assets 2,909,823 1,889,890
Total non-current assets 295,605,319 261,313,150
TOTAL ASSETS 362,919,586 358,644,031
Current liabilities    
Accounts payable and accrued expenses 22,565,505 14,832,599
Current portion of operating lease obligations 279,401 397,999
Current portion of finance lease obligations 15,205,744 12,767,400
Total current liabilities 38,050,650 27,997,998
Operating lease obligations 573,239 587,250
Finance lease obligations 6,618,699 14,141,713
Asset retirement obligations 8,523,832 8,140,992
Other non-current liabilities 103,976 90,378
Total non-current liabilities 15,819,746 22,960,333
Total liabilities 53,870,396 50,958,331
Commitments and contingencies (Note 11)
Stockholders’ equity    
Common stock, $0.001 par value, 10,000,000,000 authorized; 14,536,774 and 13,915,524 issued and outstanding at December 31, 2024 and June 30, 2024, respectively. 14,536 13,915
Additional paid-in capital 420,230,876 404,594,023
Accumulated other comprehensive loss (25,924,767) (11,512,975)
Accumulated deficit (150,441,291) (130,379,771)
Total Tamboran Resources Corporation stockholders’ equity 243,879,354 262,715,192
Noncontrolling interest 65,169,836 44,970,508
Total stockholders’ equity 309,049,190 307,685,700
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 362,919,586 358,644,031
Unproved properties    
Trade and other receivables:    
Natural gas properties, successful efforts method: 264,156,414 230,119,448
Assets under construction - natural gas equipment    
Trade and other receivables:    
Natural gas properties, successful efforts method: $ 11,850,337 $ 7,542,064

Source

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