Tamboran Resources ( TBN ) has announced pricing of a public offering of common stock to raise funds via issuance of 2.96M shares at $35.00 each, with an option for underwriters to buy an additional 443,491 shares within 30 days. The expected gross proceeds are $103.5M, excluding any proceeds from the additional shares. The net proceeds will fund additional drilling in the Pilot Area, resource del...
Tamboran Resources ( TBN ) has announced pricing of a public offering of common stock to raise funds via issuance of 2.96M shares at $35.00 each, with an option for underwriters to buy an additional 443,491 shares within 30 days. The expected gross proceeds are $103.5M, excluding any proceeds from the additional shares. The net proceeds will fund additional drilling in the Pilot Area, resource delineation in the Orion Acreage and Beetaloo Central Development Area, drilling in EP 161, working capital, and other corporate purposes. The offering is set to close on April 9, 2026. RBC Capital Markets and Wells Fargo Securities are the joint book-running managers for this offering. The stock dropped sharply in after-hours trading, falling as low as $38.50 (a ~15% decline) on Tuesday. More on Tamboran Resources Tamboran Resources launches nearly 3M-share public offering Seeking Alpha’s Quant Rating on Tamboran Resources Historical earnings data for Tamboran Resources Financial information for Tamboran Resources
Iran hopes China can be one of the security guarantors of peace in the region, Iranian ambassador to Beijing, Abdolreza Rahmani Fazli, said on Wednesday. “We hope different sides could guarantee that the US would not resume the war, we hope the UN Security Council, big countries like China and Russia, as well as mediating countries like Pakistan and Turkey to work together to guarantee peace in th...
Iran hopes China can be one of the security guarantors of peace in the region, Iranian ambassador to Beijing, Abdolreza Rahmani Fazli, said on Wednesday. “We hope different sides could guarantee that the US would not resume the war, we hope the UN Security Council, big countries like China and Russia, as well as mediating countries like Pakistan and Turkey to work together to guarantee peace in the region,” Fazli told a press conference in the Chinese capital. More to follow …
Hopes for a strong rebound in China’s demand for liquefied natural gas are fading, despite the ceasefire called in the Middle East, as analysts caution over lingering supply risks and higher prices. Chinese LNG imports plunged 11% last year to 68.4 million tons, a rare decline in nearly two decades of almost uninterrupted growth. BloombergNEF expects another drop in 2026 to 62.3 million tons. Ryst...
Hopes for a strong rebound in China’s demand for liquefied natural gas are fading, despite the ceasefire called in the Middle East, as analysts caution over lingering supply risks and higher prices. Chinese LNG imports plunged 11% last year to 68.4 million tons, a rare decline in nearly two decades of almost uninterrupted growth. BloombergNEF expects another drop in 2026 to 62.3 million tons. Rystad Energy predicts a slight rise to 70 million tons. Even before the US and Israeli strikes on Iran shattered the supply chain from the Persian Gulf, Chinese demand for gas was falling as the economy slowed. Apparent consumption declined 0.9% in the first two months of the year, according to government figures, extending the weak run that had persisted through 2025. BNEF’s forecast, which is unchanged from before the ceasefire, assumes shipments will resume from Qatar through the Strait of Hormuz from late April. Rystad’s forecast is also unchanged and assumes a resumption from the middle of the month. But reopening the key waterway won’t make up for the long-term damage caused by Iranian strikes on Qatari facilities. And it won’t quell fears that the strait can be weaponized at any time as a chokepoint for global oil and gas supplies. China, the world’s largest gas importer, took roughly a quarter of its LNG from Qatar, which is now facing a yearslong effort to restore operations. Most pertinently, the destruction of two Qatari LNG trains at the world’s biggest export facility could remove 12.5 million tons of annual capacity over the next three to five years, according to BNEF. Qatar’s Heft Faced with such a shortfall, China is all but certain to limit its exposure to the Persian Gulf. Given Qatar’s heft in the market, that could also mean cutting back on LNG, and leaning more heavily on domestic output and overland gas pipelines from Russia and Central Asia. Substitutes such as coal and renewables, which China has in abundance, are also likely to be favored. China has al...
Investors relieved by news of two-week ceasefire and temporary reopening of strait of Hormuz Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil prices plunged more than 15% below $100 a barrel, Asian stocks surged and the dollar slumped after the US and Iran agreed a two-week conditional ceasefire on Tuesday evening, including a temporar...
Investors relieved by news of two-week ceasefire and temporary reopening of strait of Hormuz Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil prices plunged more than 15% below $100 a barrel, Asian stocks surged and the dollar slumped after the US and Iran agreed a two-week conditional ceasefire on Tuesday evening, including a temporary reopening of the strait of Hormuz. Markets were positioned for a much worse outcome, so the relief rally in equities, FX, and oil makes sense. This is the market unwinding some of its disaster hedges . The ceasefire does not resolve all the underlying risks . Investors still need clarity on whether hostilities truly stop, whether Hormuz remains reliably open, how quickly disrupted energy supply can recover, and whether the 10 April talks in Islamabad produce real progress. 8.30am BST: Eurozone construction PMI for March 9.30am BST: UK construction PMI for March Noon BST: US mortgage applications Continue reading...
Malaysian businessman Victor Chin is suing labor tycoon Aminul Islam for the “attempted hijacking” of a company, the latest development in the so-called corporate mafia case that’s drawn public attention in the Southeast Asian nation. Chin alleged that Aminul, who’s also known as Amin and is involved in Malaysia’s recruitment of foreign workers, orchestrated pressure from law enforcement agencies ...
Malaysian businessman Victor Chin is suing labor tycoon Aminul Islam for the “attempted hijacking” of a company, the latest development in the so-called corporate mafia case that’s drawn public attention in the Southeast Asian nation. Chin alleged that Aminul, who’s also known as Amin and is involved in Malaysia’s recruitment of foreign workers, orchestrated pressure from law enforcement agencies and applied other tactics in an attempt to take over NexG Bhd . NexG is a provider of identification systems and Chin was the company’s chief operating officer until last September. Chin said in a press statement that Amin is “the real corporate mafia and a key mastermind behind the attempted hijacking of security-based technology company NexG.” He said he was suing him “for the widespread enforcement pressure, account freezes and forced leadership changes via threats and exertion of pressure.” Amin used his influence over authorities including the Royal Malaysia Police as a tool to exert pressure, Chin alleged. “Coordinated actions were taken by the corporate mafia gang to hijack the company,” he said. “I believe there is sufficient evidence to prove that I am not part of any corporate mafia network.” Lui & Bhullar , a law firm representing Amin, acknowledged the suit and said it will file a defense accordingly. We will “set out our client’s position and ventilate all arguments in court,” Lui & Bhullar said. A representative for NexG said it would be inappropriate to comment on the specific allegations because this is an ongoing legal dispute between private individuals, adding it is business as usual at the company. Chin has been issuing media statements to defend himself since police raided his premises in mid-March after Bloomberg News published a report alleging that a group of businessmen, including him, worked with the Malaysian Anti-Corruption Commission to intimidate executives and oust them from their companies. Chin and the MACC deny the allegations. Read more: W...