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).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
