Tamboran Resources Limited (AU:TBN) has released an update.
Tamboran Resources Limited has successfully gone public on the NYSE, raising US$82 million to fund its ambitious 2024 drilling program in the Beetaloo Basin, which includes the longest horizontal well section to date. The company reported record flow rates from its Shenandoah South 1H well and secured a long-term Gas Sales Agreement with the Northern Territory Government. With a cash balance of A$111.6 million and strong government support, Tamboran is set to commence drilling in Q3 2024, promising to reveal further results early next year.
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