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The latest update is out from Tamboran Resources Limited ( (AU:TBN) ).
Tamboran Resources Corporation has entered into a non-binding Memorandum of Understanding with Santos Limited to conduct technical studies for a potential expansion of the Darwin LNG project. This collaboration aims to explore the commercialization of natural gas from the Beetaloo Basin, which could significantly enhance Tamboran’s market position by supplying natural gas to both Australian and international markets. The development holds potential benefits such as creating jobs and generating royalties for local stakeholders, including the Northern Territory Government and Native Title Holders.
More about Tamboran Resources Limited
Tamboran Resources Corporation is involved in the energy sector, focusing primarily on the exploration and development of natural gas resources. The company has significant holdings in the Beetaloo Basin, with an emphasis on supplying both domestic and international LNG markets.
YTD Price Performance: 25.00%
Average Trading Volume: 1,298,388
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$393.9M
See more insights into TBN stock on TipRanks’ Stock Analysis page.
