Australian shale play Tamboran drops 10% in ASX debut


Weak investor interest for Tamboran Resources, Australia's biggest oil and gas float.

SYDNEY: Tamboran Resources shares fell as much as 10% in their Australian stock market debut on Friday, underscoring weak investor interest for the country's biggest oil and gas float in a decade amid a global push towards greener energy.

Shares of the shale gas explorer, which has pitched itself as a "net-zero" producer to allay climate concerns, opened little changed from the initial public offering price at A$0.40 to give the company a market value of A$168.9 million ($126.03 million).

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RM 13.90/month

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Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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Tamboran Resources , Australia , ASX , shale

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