Thursday, 17 April 2014

Ex-Cobalt executive may list Aussie shale explorer in U.S.

SYDNEY (Bloomberg) -- Tamboran Resources Ltd., an Australian shale explorer led by a former Cobalt International Energy Inc. executive, is considering going public in the U.S. as early as the second half of this year. Tamboran is studying a reverse merger in the U.S., a deal that involves a private firm purchasing a public company to gain a listing, or an initial public offering in Singapore or Australia, Joel Riddle, CEO of the Sydney-based company, said in a phone interview.


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