Tamboran Resources Limited (AU:TBN) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Tamboran Resources has achieved a significant milestone by drilling the Shenandoah South-3H well to a depth of over 21,000 feet in the Beetaloo Basin, Australia, in just 25 days. This marks a 43% improvement in drilling speed compared to previous efforts, with the well showing promising gas potential and high-quality shale properties. The company is gearing up for a major stimulation campaign set for early 2025, aiming to boost gas supply in the Northern Territory.
For further insights into AU:TBN stock, check out TipRanks’ Stock Analysis page.