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The latest update is out from Tamboran Resources Limited ( (AU:TBN) ).
Tamboran Resources Limited has completed a significant 35-stage stimulation campaign for the Shenandoah South 2H sidetrack well, with plans to commence flow testing. The company announced a successful capital raise of US$55.4 million and a strategic agreement with Daly Waters Energy, LP, enhancing its position in the Beetaloo Basin. With these developments, Tamboran is set to drill additional wells and deliver first gas under the Shenandoah South Pilot Project, aiming to meet the gas supply needs of the Northern Territory Government and the East Coast market.
More about Tamboran Resources Limited
Tamboran Resources Limited is an energy company focused on the exploration and development of natural gas resources. The company operates primarily in the Beetaloo Basin in Australia and is engaged in activities such as drilling and well stimulation to supply gas to the East Coast gas market.
Average Trading Volume: 1,494,423
Technical Sentiment Signal: Sell
Current Market Cap: A$380.4M
See more data about TBN stock on TipRanks’ Stock Analysis page.