Encompass Capital liquidated its entire holding in Tamboran Resources, selling 713,700 shares valued at approximately $35.68 million. The position had previously accounted for 1.07% of the investor's reported portfolio. Tamboran is a natural gas company focused on developing unconventional resources in Australia's Beetaloo Sub-basin.
This trade was disclosed in a quarterly 13F filing, which reports positions held as of June 30, 2026, meaning the sale occurred sometime during the second quarter. The exit precedes Tamboran's anticipated first gas sales, which are expected to commence in the third quarter of 2026 as the company advances its Shenandoah South Pilot Project.