M&A - Sheffield Bryan

Form Type: SCHEDULE 13D/A

Filing Date: 2025-05-14

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025071738

Filing Summary: This Amendment No. 1 amends the original Schedule 13D filed on July 8, 2024, by adding new reporting persons: Daly Waters Energy, LP, Formentera Australia Fund I GP, LP, and Formentera Investments LLC. The purpose of the amendment is to disclose a recent transaction whereby Daly Waters entered into a Subscription Agreement with Tamboran Resources Corporation on May 12, 2025, to purchase 563,697 shares of Common Stock at $17.74 per share in a private placement. The transaction is subject to stockholder approval, expected at a special meeting within 90 days. The report includes detailed information about the ownership, management structure, and the nature of the new reporting persons engaged in investing in securities. It summarizes ownership percentages based on the common stock outstanding as of May 1, 2025, and clarifies that no criminal or civil proceedings have impacted the reporting persons in the last five years.