<SEC-DOCUMENT>0000950123-24-003142.txt : 20240725
<SEC-HEADER>0000950123-24-003142.hdr.sgml : 20240725
<ACCEPTANCE-DATETIME>20240409102223
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-24-003142
CONFORMED SUBMISSION TYPE:	DRSLTR
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20240409

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tamboran Resources Corp
		CENTRAL INDEX KEY:			0001997652
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DRSLTR

	BUSINESS ADDRESS:	
		STREET 1:		LEVEL 39, SUITE 1, TOWER ONE
		STREET 2:		100 BARANGAROO AVENUE
		CITY:			BARANGAROO
		STATE:			C3
		ZIP:			2000
		BUSINESS PHONE:		61 2 8330 6626

	MAIL ADDRESS:	
		STREET 1:		LEVEL 39, SUITE 1, TOWER ONE
		STREET 2:		100 BARANGAROO AVENUE
		CITY:			BARANGAROO
		STATE:			C3
		ZIP:			2000
</SEC-HEADER>
<DOCUMENT>
<TYPE>DRSLTR
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>DRSLTR</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="75%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">300 Colorado Street, Suite 2400</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Austin, TX 78701</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Tel:&nbsp;+1.737.910.7300&nbsp;Fax:&nbsp;+1.737.910.7301</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">www.lw.com</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">FIRM / AFFILIATE OFFICES</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g716518g91x64.jpg" ALT="LOGO">
</P> <P STYLE="font-size:54pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April&nbsp;9, 2024</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B><I><U>VIA EDGAR</U></I></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Austin</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Beijing</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Boston</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Brussels</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Century City</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Chicago</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Dubai</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">D&uuml;sseldorf</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Frankfurt</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Hamburg</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Houston</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Hong Kong</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">London</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Los Angeles</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">Madrid</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Milan</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Munich</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">New York</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Orange County</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Paris</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Riyadh</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">San Diego</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">San Francisco</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Seoul</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Silicon Valley</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Singapore</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Tel Aviv</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Tokyo</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">Washington, D.C.</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Office of Energy&nbsp;&amp;
Transportation </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Myra Moosariparambil, Raj Rajan, Sandra Wall </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%" VALIGN="top" ALIGN="left">&#8194;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">John Hodgin, Cheryl Brown and Timothy Levenberg </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%" VALIGN="top" ALIGN="center">Re:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Tamboran Resources Corporation</B> </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%" VALIGN="top" ALIGN="center">&#8194;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Draft Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT></B> </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%" VALIGN="top" ALIGN="center">&#8194;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Submitted March&nbsp;14, 2024</B> </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%" VALIGN="top" ALIGN="center">&#8194;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>CIK No.: 0001997652</B> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On behalf of Tamboran
Resources Corporation (the &#147;<B><I>Company</I></B>&#148;), we submit this letter in connection with the confidential draft submission number 3 to the Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> (the
&#147;<B><I>Confidential Submission No.</I></B><B><I></I></B><B><I>&nbsp;3</I></B>&#148;) which reflects the Company&#146;s responses to the comment letter received by the Company on April&nbsp;2, 2024 from the staff (the
&#147;<B><I>Staff</I></B>&#148;) of the Securities and Exchange Commission (the &#147;<B><I>SEC</I></B>&#148;) regarding the Draft Registration Statement previously confidentially submitted by the Company on March&nbsp;14, 2024 to the SEC (the
&#147;<B><I>Registration Statement</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For ease of review, we have set forth below each of the numbered comments of your
letter in bold type followed by the Company&#146;s responses thereto or a statement identifying the location in Confidential Submission No.&nbsp;3 of the requested disclosure or revised disclosure. Unless otherwise indicated, capitalized terms used
herein have the meanings assigned to them in Confidential Submission No.&nbsp;3 and all references to page numbers in such responses are to page numbers in Confidential Submission No.&nbsp;3. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Amendment No.&nbsp;1 to Draft Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Glossary of Natural Gas Terms, page iv </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We have read your response to prior comment 2 and note the additional industry terms included in your glossary;
however, the following definitions require revision: </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Proved Reserves</U> &#150; the glossary definition is incomplete and contains the phrase&nbsp;&#147;have been
proved to a <U>high degree of certainty</U>&#148;&nbsp;which more closely resembles the PRMS definition of proved reserves. The SEC definition&nbsp;of proved reserves in Rule </P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>April&nbsp;9, 2024 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B> Page
 2
 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g716518g72r32.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD VALIGN="top">4-10(a)(22) states &#147;those quantities of oil and gas, which by analysis of geoscience and engineering data, can be <U>estimated with reasonable certainty</U> to be economically producible -from a given date forward, from known
reservoirs, and under existing economic conditions, operating methods, and government regulations.&#148; Please revise. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Probable Reserves</U> &#150; the glossary definition incorrectly includes the phrase &#147;<U>in sum</U> with
proved reserves&#148; rather than Rule <FONT STYLE="white-space:nowrap">4-10(a)(18)</FONT> wording of &#147;<U>together</U> with proved reserves.&#148; We believe volumes of proved reserves and probable reserves should not be summed together due to
the different risk profiles for each category of reserves. Please revise. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Unconventional Drilling</U> &#150; the glossary definition should include more specific unconventional
drilling methods such as: drilling in zones of low porosity and permeability, directional and horizontal drilling, and include various types of well stimulation/multi-stage fracturing completion methods. Please revise. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Developed Acres</U> &#150; in conjunction with your disclosure of undeveloped acreage, please include a
definition for <U>developed acres</U>. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Response</I>: We acknowledge the Staff&#146;s comment and have revised the
Registration Statement accordingly. Please see pages&nbsp;v to vii of Confidential Submission No.&nbsp;3. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Prospectus Summary </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Company </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Competitive Strengths, page 7 </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We have read your response to prior comment 7 and note the revised disclosures on page 7 state:
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The &#147;SS1H well is currently producing;&#148; however, on page 19, you disclose you do not expect to generate
any production revenue until 2026. Please review and revise to identify the referenced production as either sales volumes or test volumes only. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Each of these wells are productive wells&#148; without clarifying if this relates to all 21 wells or only your
six appraisal wells. Please expand the disclosure to clarify:&nbsp;1) how many of the 21 total wells, including your six appraisal wells, were determined to be productive in the Middle Verlkerri formation, 2) the basis for determining these wells
were productive wells capable of producing gas in sufficient quantities to justify completion as a gas well and not dry wells, and 3) the total number of wells that have produced natural gas to the surface as test volumes or as sales volumes, if
any. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Response</I>: We acknowledge the Staff&#146;s comment and note that in response to the first bullet we have
revised the Registration Statement on page&nbsp;2 to clarify that all volumes produced from our wells are test volumes only. With respect to the second bullet, we note for the Staff that we have revised the Registration Statement to clarify that we
believe only the SS1H is &#147;productive&#148; as such term is defined under Item 1205, based on initial flow rates and that it is capable of producing gas in sufficient quantities to economically justify completion. Please see pages 2 and 96 of
Confidential Submission No.&nbsp;3. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Summary Historical Consolidated Financial Data, page 16 </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We note your revised presentation of stock based compensation within the line item &#147;Compensation and
benefits including stock based compensation&#148; in page <FONT STYLE="white-space:nowrap">F-4</FONT> in response. Please revise your presentation here, &#147;Results of operations&#148; in page 70 and related discussions on page&nbsp;71 consistent
with the revised consolidated statement of operations and comprehensive loss presented in page <FONT STYLE="white-space:nowrap">F-4.</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Response</I>: We acknowledge the Staff&#146;s comment and note that we have revised the Registration Statement accordingly. Please see
pages&nbsp;18, 72, and 73 of Confidential Submission No.&nbsp;3. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>April&nbsp;9, 2024 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B> Page
 3
 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g716518g72r32.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Industry </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Australian Natural Gas and Natural Gas Liquids Reserves, page 78 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We have read your response to prior comment 22 and the revised disclosure on page 79; however, we note the
statement, &#147;proved and probable reserves represent resources which are commercially recoverable&#148; is inconsistent with the SEC definition in Rule <FONT STYLE="white-space:nowrap">4-10(a)(22).</FONT> We reissue the prior comment in part to
request clarification of the industry definitions used to determine the estimates prepared by Geoscience Australia. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Response</I>: We acknowledge the Staff&#146;s comment and note that proved plus probable reserves, as used by Geoscience Australia, relies
on the definitions of &#147;proved reserves&#148; and &#147;probable reserves&#148; included in the Petroleum Resources Management System revised June 2018. We have revised the Registration Statement accordingly to clarify the industry definitions
and note that they are not comparable to the SEC definition. Please see page 83 of Confidential Submission No.&nbsp;3. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Business </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Assets Within the Beetaloo, page 90 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We have read your response to prior comment 25 and your disclosure that none of your six appraisal wells can be
defined as exploratory or development wells; however, in response to prior comment 24, you classify the six appraisal wells as &#147;exploratory type stratigraphic test wells&#148; which is a subset of exploratory wells. In addition, based on the
tabular disclosures on pages 2 and 92, these six appraisal wells were permitted as exploratory wells. Please review and revise your disclosures as necessary. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Response</I>: We acknowledge the Staff&#146;s comment and have revised the Registration Statement as necessary to provide the information
required by Items 1205 (a)(1) and (a)(2) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> with respect to the number of net and gross productive wells drilled. Please see pages&nbsp;iv, 2, 95 and 96 of Confidential Submission No.&nbsp;3.
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We have read your response to prior comment 26, and the associated revised disclosures. We note your disclosure
of the number of gross <FONT STYLE="white-space:nowrap">non-operated</FONT> wells, but do not see the corresponding net number. Please revise to include the net number of <FONT STYLE="white-space:nowrap">non-operated</FONT> wells. In addition, you
state that all of your wells are productive wells, mechanically capable of producing gas, but then disclose, &#147;one of our four wells is not capable of producing gas until it is <FONT STYLE="white-space:nowrap">re-entered</FONT> and a lateral is
drilled.&#148; Please review the definitions of a &#147;productive well&#148; and a &#147;dry well&#148; in Items 1208(c)(3) and 1205(b)(1), respectively, and revise your disclosure as necessary or tell us why a revision is not needed.
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Response</I>: We acknowledge the Staff&#146;s comment and have revised the Registration Statement accordingly. Please
see pages 2 and 96 of Confidential Submission No.&nbsp;3. We further refer the Staff to our response to Comment 2. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>April&nbsp;9, 2024 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B> Page
 4
 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g716518g72r32.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Choice of Forums, page 138 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We note your response to prior comment 31. We note that your forum selection provision identifies the Court of
Chancery of the State of Delaware as the exclusive forum for certain litigation and that the federal district courts of the United States of America will be the exclusive forum for the resolution of any complaint asserting a cause of action arising
under the Securities Act. Please disclose whether this provision applies to actions arising under the Exchange Act. In that regard, you removed the text from the corresponding risk factor which disclosed that Section&nbsp;27 of the Exchange Act
creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder. If this provision does not apply to actions arising under the Exchange Act, please
also ensure that the exclusive forum provision in the governing documents states this clearly, or tell us how you will inform investors in future filings that&nbsp;the provision does not apply to any actions arising under the Exchange Act.
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Response</I>: We acknowledge the Staff&#146;s comment and have revised the Registration Statement accordingly. Please
see pages&nbsp;49 and 147 of Confidential Submission No.&nbsp;3. We acknowledge that Section&nbsp;27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or
the rules and regulations thereunder and will inform investors in our future filings that the exclusive forum provision contained in our Certificate of Incorporation does not apply to the Exchange Act. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">********** </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you have any questions regarding
the foregoing responses or the Registration Statement, please do not hesitate to contact me by telephone at (713) <FONT STYLE="white-space:nowrap">546-7416</FONT> or by email at michael.chambers@lw.com. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Very truly yours, </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Michael Chambers </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">of LATHAM&nbsp;&amp; WATKINS LLP </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enclosure </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Joel Riddle, Chief Executive Officer of Tamboran Resources Corporation </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#8194;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Eric Dyer, Chief Financial Officer of Tamboran Resources Corporation </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#8194;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">David Miller, Latham&nbsp;&amp; Watkins LLP </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#8194;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Trevor Lavelle, Clifford Chance US LLP </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#8194;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Andrew S. Epstein, Clifford Chance US LLP </P></TD></TR></TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g716518g72r32.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g716518g72r32.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X1#^17AI9@  34T *@    @ ! $[  (
M   1   (2H=I  0    !   (7)R=  $    B   0U.H<  <   @,    /@
M   <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                                                 $5V82!097)E
M>B!'86UB;V$    %D ,  @   !0  !"JD 0  @   !0  !"^DI$  @    ,R
M-P  DI(  @    ,R-P  ZAP !P  " P   B>     !SJ    "
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
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MG/X5J6G@&STGQ9::WHES-:F.)X;N&:22X^U(<;1N=R5VD9XS6C_PCG_%?_\
M"3?:O^89_9_V;R_^FOF;]V?PQC\:?+*R3_I$NK04Y2A:S6S6TOQ]=[:F)XX\
M;/X.UWP^MU)&NG7:W+7C&/+'RT4J%YX)9L?C6OX6N=<U*U?4M<$-M%=8>UL8
MURT,9Z%WSRQ&#@8 _DW7_"47B#Q%HFI7,R^3I?V@/:O#O6X$J!2"<\8QZ'.:
M/#'AF?PQ)=6UOJ;W&DNVZTLY8R6M/51)NY7K@$<>O7+2GSN^QG*6'>'BH_';
M73S>WG:WRTNMGA?!_P 2ZMXI\(75[KUW]JN([YX5?RT3"".,@84 =6/YUF>
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,DG\35ZG&W3MHC__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g716518g91x64.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g716518g91x64.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X1#^17AI9@  34T *@    @ ! $[  (
M   1   (2H=I  0    !   (7)R=  $    B   0U.H<  <   @,    /@
M   <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                                                 $5V82!097)E
M>B!'86UB;V$    %D ,  @   !0  !"JD 0  @   !0  !"^DI$  @    ,U
M-   DI(  @    ,U-   ZAP !P  " P   B>     !SJ    "
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
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MG5HJG&GHH_CK=].NQSO@'7CXE\"Z7J<AS-)"$F_ZZ+\K?F03^-<IH8_XR/\
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1JF>3Z(H_"K5%%49MMN[/_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
