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Tamboran Resources Limited ( (AU:TBN) ) just unveiled an announcement.
Tamboran Resources has successfully completed its largest drilling program in the Beetaloo Basin, marking a significant milestone with the completion of the Shenandoah South drilling program. The program, which included three wells, was executed efficiently with advanced drilling technology, setting records in drilling speed. This achievement is crucial for the company’s plans to supply gas to the Northern Territory network, with first gas sales expected by mid-2026. The completion of these wells positions Tamboran as a key player in the region, leveraging modern US drilling technologies to enhance operational efficiency and performance.
More about Tamboran Resources Limited
Tamboran Resources Corporation operates in the energy sector, focusing on the exploration and development of natural gas resources. The company is actively involved in the Beetaloo Basin, aiming to supply gas to the Northern Territory network under a long-term agreement.
Average Trading Volume: 3,125,385
Technical Sentiment Signal: Buy
Current Market Cap: A$378.8M
See more insights into TBN stock on TipRanks’ Stock Analysis page.