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Tamboran Resources Limited ( (AU:TBN) ) has provided an announcement.
Tamboran Resources has completed a significant stimulation program on the Shenandoah South 6H well in the Beetaloo Basin, achieving a record 58 stages over a 10,009-foot horizontal section. Despite an equipment issue affecting part of the well, 86% of the lateral length is expected to have unimpeded flow, with further stimulation activities planned for 2026. The completion of these wells is crucial for the company’s production timeline, with first gas sales anticipated by mid-2026.
More about Tamboran Resources Limited
Tamboran Resources Limited operates in the energy industry, focusing on the exploration and development of shale gas resources. The company is particularly active in the Beetaloo Basin, leveraging advanced stimulation technologies to optimize gas extraction.
Average Trading Volume: 2,733,160
Technical Sentiment Signal: Buy
Current Market Cap: A$796.5M
See more data about TBN stock on TipRanks’ Stock Analysis page.