10 Best ASX Stocks to Buy According to Hedge Funds

5. Tamboran Resources Corporation (NYSE:TBN)

Number of Hedge Fund Holdings: 4

Tamboran Resources Corporation (NYSE:TBN) is an Australian energy company focused on the exploration and development of natural gas resources in the Beetaloo Sub-basin in the Northern Territory, Australia. The company aims to become a leading producer and supplier of low-CO2 natural gas to domestic and international markets. Tamboran Resources Corporation (NYSE:TBN) works closely with local communities, regulatory authorities, and industry partners to responsibly develop their gas projects and contribute to energy security.

Tamboran Resources Corporation (NYSE:TBN) is advancing its natural gas resources in the Beetaloo Basin by integrating advanced U.S. drilling and completion technologies. The company is confident that these innovative techniques will help it achieve natural gas production that adheres to Australia’s stringent greenhouse gas (GHG) regulations, which target net zero carbon emissions by 2050. Tamboran Resources Corporation (NYSE:TBN) aims to reach net zero equity Scope 1 and 2 GHG emissions once commercial production begins.

Tamboran Resources Corporation (NYSE:TBN) holds substantial exploration permits (EPs) across approximately 4.7 million contiguous gross acres in the Beetaloo Basin which positions it as the leading acreage holder and operator in the region.