10 Best Australian Stocks to Buy Now

6. Tamboran Resources Corporation (NYSE:TBN)

Number of Hedge Fund Holdings: 4

Tamboran Resources Corporation (NYSE:TBN) is an early-stage, growth-driven independent natural gas exploration and production company headquartered in Sydney, Australia. The company is primarily focused on developing unconventional natural gas resources in the Beetaloo Basin, located in the Northern Territory of Australia.

Tamboran Resources Corporation (NYSE:TBN) is focusing on developing its natural gas resources in the Beetaloo Basin and is integrating advanced U.S. drilling and completion technologies. The company believes that these techniques will enable it to achieve natural gas production that complies with Australia’s stringent greenhouse gas (GHG) regulations, which aim for net zero carbon emissions by 2050. Tamboran Resources Corporation (NYSE:TBN) plans to reach net zero equity Scope 1 and 2 GHG emissions once commercial production begins.

Tamboran Resources Corporation (NYSE:TBN) holds significant exploration permits (EPs) covering around 4.7 million contiguous gross acres in the Beetaloo Basin, making it the leading acreage holder and operator in the region.