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The latest announcement is out from Tamboran Resources Limited ( (AU:TBN) ).
Tamboran Resources Limited reported a record-breaking quarter with significant achievements in the Beetaloo Basin, including the highest flow rates recorded from the Shenandoah South 2H sidetrack well. The company commenced its largest drilling program to date and secured key agreements with Native Title Holders and the Northern Territory Government to sell appraisal gas. These developments are expected to enhance Tamboran’s market position and operational capabilities, while leadership changes and a solid cash position further support its strategic initiatives.
More about Tamboran Resources Limited
Tamboran Resources Limited operates in the energy sector, focusing on the exploration and production of natural gas. The company is primarily engaged in developing the Beetaloo Basin in Australia, targeting the Mid Velkerri B Shale formation to supply gas to the East Coast gas market.
Average Trading Volume: 2,676,811
Technical Sentiment Signal: Buy
Current Market Cap: A$374.4M
Find detailed analytics on TBN stock on TipRanks’ Stock Analysis page.