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The latest announcement is out from Tamboran Resources Limited ( (AU:TBN) ).
Tamboran Resources Limited has announced a record initial production flow rate of 7.2 million cubic feet per day from its Shenandoah South 2H sidetrack well in the Beetaloo Basin. This achievement aligns with the performance of wells in the prolific Marcellus Shale area in the US, underscoring the potential commercial viability of the Mid Velkerri B Shale formation. The company plans to further develop this area with additional wells and integrate lessons learned from US operations to enhance efficiency and output, with production expected to commence in mid-2026.
More about Tamboran Resources Limited
Tamboran Resources Limited operates in the energy sector, focusing on the exploration and development of shale gas resources. The company is particularly active in the Beetaloo Basin in Australia, aiming to supply gas to the East Coast market, which typically commands a premium price compared to other regions.
Average Trading Volume: 1,256,330
Technical Sentiment Signal: Buy
Current Market Cap: A$380.6M
Find detailed analytics on TBN stock on TipRanks’ Stock Analysis page.