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Tamboran Resources Limited ( (AU:TBN) ) has provided an announcement.
Tamboran Resources Corporation has received approval from the Northern Territory Government to sell appraisal gas from its exploration permits in the Beetaloo Basin under the Beneficial Use of Gas legislation. This marks the first such approval under the new legislation, allowing the company to sell up to 40 TJ per day to the NTG starting mid-2026. The approval is a significant milestone for the Beetaloo Joint Venture, enhancing energy security in the region and providing economic benefits through accelerated royalties to the NTG and Native Title Holders.
More about Tamboran Resources Limited
Tamboran Resources Corporation is a significant player in the energy sector, primarily involved in the exploration and production of natural gas. The company holds a substantial acreage in the Beetaloo Sub-basin within the Greater McArthur Basin in the Northern Territory of Australia, with interests in various proposed development and pilot areas. Tamboran is also advancing its NTLNG project in Darwin, supported by pre-FEED activities conducted by Bechtel Corporation.
Average Trading Volume: 1,901,672
Technical Sentiment Signal: Sell
Current Market Cap: A$377.2M
Learn more about TBN stock on TipRanks’ Stock Analysis page.