MARKETS

Tamboran shares crater as shareholders baulk at work commitments

NEWS that Beetaloo gas explorer Tamboran Resources would take Origin Energy's Northern Territory portfolio might have seemed like great news for the junior since it more than doubled its acreage position, but the share market disagreed, sending its share price down 18.5% at close on Tuesday.

paul hunt

Tamboran shares crater as shareholders baulk at work commitments

A fall after a capital raise at a discount to the volume-weighted average price and closing price is common, but not to the extent of the falls seen yesterday. Tamboran shares were worth 22 cents on...

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