Schedule of Common Stock Outstanding Roll Forward |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Date | | Tamboran Common Stock | | Issue Price | | Details | | Net Proceeds | Balance as of July 1, 2023 | | | 7,080,054 | | | | | | $ | 252,177,665 | | Capital raise | July and August 2023 | | 1,503,309 | | $ | 0.12 | | | $ | 36,151,220 | | | | Capital raise | December 2023 | | 1,274,525 | | $ | 0.11 | | | 27,660,258 | | | | Capital raise | January 2024 | | 443,548 | | $ | 0.11 | | | 9,328,083 | | | | Capital raise | June 2024 | | 3,125,000 | | $ | 24.00 | | | 75,000,000 | | | | Conversion of 5.5% Convertible Senior Note | June 2024 | | 489,088 | | $ | 24.00 | | | 11,738,112 | | | | Less: Transaction costs | | | | | | | (15,131,161) | | | 144,746,512 | | Balance as of July 1, 2024 | | | 13,915,524 | | | | | | 396,924,177 | | Capital raise | July 2024 | | 308,750 | | $ | 24.00 | | | 7,410,000 | | | | Issuance of common stock as Checkerboard fee | November 2024 | | 312,500 | | $ | 19.04 | | | 5,950,000 | | | | Capital raise | May 2025 | | 2,180,515 | | $ | 17.74 | | | 38,682,336 | | | | | | | | | | | 52,042,336 | | | | Shares to be issued | | | | | | | 5,722,374 | | | | Less: Transaction costs | | | | | | | (4,251,666) | | | 53,513,044 | | Balance as of June 30, 2025 | | | $ | 16,717,289 | | | | | | | $ | 450,437,221 | |
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