Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tamboran Resources Limited ( (AU:TBN) ) has issued an announcement.
Tamboran Resources Corporation has secured approval from Native Title Holders and the Northern Land Council to sell appraisal gas from its Exploration Permits in the Beetaloo Basin. This agreement allows the Beetaloo Joint Venture to sell up to 60 TJ per day from the Shenandoah South Pilot Project over three years, with plans to start gas production by mid-2026. The agreement is expected to provide energy security for the Northern Territory and includes financial and non-financial benefits for Native Title Holders, fostering a partnership that aims for significant long-term economic and social benefits for the local community.
More about Tamboran Resources Limited
Tamboran Resources Corporation operates in the energy sector, focusing on the exploration and production of natural gas. The company is primarily involved in the development of gas resources in the Beetaloo Basin, aiming to contribute to energy security in the Northern Territory of Australia.
Average Trading Volume: 1,762,986
Technical Sentiment Signal: Buy
Current Market Cap: A$378.5M
Learn more about TBN stock on TipRanks’ Stock Analysis page.