v3.25.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Income Statement [Abstract] | ||||
| Revenue and other operating income | $ 0 | $ 0 | $ 0 | $ 0 |
| Operating costs and expenses | ||||
| Compensation and benefits, including stock-based compensation | (1,682,928) | (506,403) | (3,902,061) | (1,764,394) |
| Consultancy, legal and professional fees | (1,004,147) | (2,404,404) | (2,683,825) | (3,785,275) |
| Depreciation and amortization | (30,740) | (29,072) | (61,415) | (58,084) |
| Loss on remeasurement of assets classified as held for sale | 0 | (25,605) | (376,000) | (25,605) |
| Accretion of asset retirement obligations | (242,066) | (215,282) | (499,804) | (429,597) |
| Exploration expense | (1,473,303) | (2,482,137) | (2,482,812) | (3,387,001) |
| LNG feasibility study expense | (3,232,897) | 0 | (3,232,897) | 0 |
| Checkerboard fee | (5,950,000) | 0 | (5,950,000) | 0 |
| General and administrative | (1,398,766) | (1,069,047) | (2,804,104) | (1,597,986) |
| Total operating costs and expenses | (15,014,847) | (6,731,950) | (21,992,918) | (11,047,942) |
| Loss from operations | (15,014,847) | (6,731,950) | (21,992,918) | (11,047,942) |
| Other income (expense) | ||||
| Interest income, net | 705,428 | 164,743 | 1,501,471 | 248,531 |
| Foreign exchange loss, net | (1,227,852) | (888,538) | (1,481,884) | (274,192) |
| Other income (expense), net | 37,167 | (64,752) | (282,340) | (199,027) |
| Total other income (expense) | (485,257) | (788,547) | (262,753) | (224,688) |
| Net loss | (15,500,104) | (7,520,497) | (22,255,671) | (11,272,630) |
| Less: Net loss attributable to noncontrolling interest | (1,333,158) | (1,494,166) | (2,194,151) | (2,056,601) |
| Net loss attributable to Tamboran Resources Corporation stockholders | (14,166,946) | (6,026,331) | (20,061,520) | (9,216,029) |
| Comprehensive income (loss) | ||||
| Net loss | (15,500,104) | (7,520,497) | (22,255,671) | (11,272,630) |
| Other comprehensive income (loss) | ||||
| Foreign exchange translation | (29,158,105) | 13,650,998 | (17,009,928) | 8,333,400 |
| Total comprehensive income (loss) | (44,658,209) | 6,130,501 | (39,265,599) | (2,939,230) |
| Less: Total comprehensive income (loss) attributable to noncontrolling interest | (5,358,510) | 746,029 | (4,792,287) | (655,891) |
| Total comprehensive income (loss) attributable to Tamboran Resources Corporation stockholders | $ (39,299,699) | $ 5,384,472 | $ (34,473,312) | $ (2,283,339) |
| Net loss per common stock | ||||
| Net loss per common stock, basic (in USD per share) | $ (0.987) | $ (0.690) | $ (1.409) | $ (1.070) |
| Net loss per common stock, diluted (in USD per share) | $ (0.987) | $ (0.690) | $ (1.409) | $ (1.070) |
| Weighted average number of common stock outstanding | ||||
| Weighted average number of common stock outstanding, basic (in shares) | 14,346,556 | 8,735,752 | 14,236,753 | 8,612,217 |
| Weighted average number of common stock outstanding, diluted (in shares) | 14,346,556 | 8,735,752 | 14,236,753 | 8,612,217 |
| X | ||||||||||
- Definition Checkerboard Fee No definition available.
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| X | ||||||||||
- Definition Weighted Average Number of Shares Outstanding, Basic and Diluted No definition available.
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- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of impairment loss for oil and gas properties with unproved reserve in oil- and gas-producing activities. Includes, but is not limited to, previously capitalized cost of drilling exploratory well when proved reserve is not found or when there is substantial doubt about economic or operational viability of project. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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