Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL, FRA:O8R) has begun initial gas sales from the Shenandoah South Pilot Project in the Northern...
Tamboran Resources is transitioning to first production while establishing a paid appraisal platform in the Beetaloo Basin, enabling both revenue and critical reservoir data collection. TBN's robust liquidity position, Falcon acquisition, and industrial-scale stimulation program have reduced the gap between exploration and commercial production, supporting a unique, capital-intensive growth thesis. The Shenandoah South Pilot Project's fixed-price, take-or-pay gas contract provides a revenue base and operational runway to optimize well design and economics before scaling up.
Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL, FRA:O8R) has completed the acquisition of Falcon Oil & Gas Ltd’s subsidiaries, following final...
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Todd C. Abbott CEO | XFRA Exchange | US87507T1016 ISIN |
| AU Country | 47 Employees | - Last Dividend | - Last Split | - IPO Date |
Tamboran Resources Corporation is a specialized natural gas company with its efforts concentrated on the exploration and development of unconventional gas resources within Australia's northern territory. The organization has established a significant presence in the Betaloo Basin, where it holds varying working interests across several exploration permits. Founded in 2009 and with its headquarters in Sydney, Australia, Tamboran Resources Corporation leverages its strategic assets and expertise in the energy sector to explore, develop, and possibly commercialize natural gas resources, aiming to meet the growing energy demands both locally and globally.
Tamboran holds a 25% non-operated working interest in Exploration Permit (EP) 161. This stake allows them to participate in the exploration and potential development of unconventional gas resources within this specified area, contributing to their overall asset portfolio in the Betaloo Basin.
With a 38.75% working interest in EPs 76, 98, and 117, Tamboran Resources Corporation plays a significant role in the exploration efforts within these permits. These interests represent a cornerstone of their operations in the Betaloo Basin, facilitating the exploration of additional unconventional gas resources.
Tamboran holds a 100% working interest in EPs 136 and 143, along with EP (A) 197. This full ownership underscores the company's commitment to the Betaloo Basin and enhances its ability to direct exploration and development activities within these areas fully. Such concentrated ownership positions Tamboran Resources Corporation for potential full-scale development and commercialization of discovered gas reserves.