News & Videos - TAMBORAN RESOURCES CORPORATION

Sydney, Australia (ABN Newswire) - Tamboran Resources Corporation's (ASX:TBN) (OTCMKTS:TBNNY) Shenandoah South 1H (SS-1H) well in EP 117 achieved an average 90-day initial production (IP90) flow rate of 2.9 million cubic feet per day (MMcf/d) over the 1,644-foot, 10 stage stimulated length within the Mid Velkerri B Shale, normalized to 5.8 MMcf/d over 3,281-feet (1,000 metres). The IP90 flow test at SS-1H was ~65% higher than the Santos-operated EP 161 Tanumbirini 3H well, which previously...

Sydney, Australia (ABN Newswire) - Tamboran Resources Corporation (ASX:TBN) (OTCMKTS:TBNNY) signs binding GSA with the Northern Territory Government to supply 40 TJ per day for ~15 years from the proposed Shenandoah South Pilot Project. Tamboran and the Beetaloo Joint Venture (BJV) have signed a binding long-term Gas Sales Agreement (GSA) to supply the Northern Territory Government (the Buyer) with 40 TJ per day (~19 TJ per day net to Tamboran) from the proposed Shenandoah South Pilot Project...

Sydney, Australia (ABN Newswire) - Tamboran Resources Corporation's (ASX:TBN) (OTCMKTS:TBNNY) Shenandoah South 1H (SS-1H) well in EP 117 achieved an average 60-day initial production (IP60) flow rate of 3.03 million cubic feet per day (MMcf/d) over the 1,644-foot, 10 stage stimulated length within the Mid Velkerri B Shale, normalized to 6.0 MMcf/d over 3,281-feet (1,000 metres). The SS-1H flow test indicates that future development wells with lateral lengths of 10,000 feet may be capable of...

Sydney, Australia (ABN Newswire) - Tamboran Resources Corporation (ASX:TBN) (OTCMKTS:TBNNY) has increased its working interest in the proposed Shenandoah South Pilot Project to a minimum of 47.5% following a decision by Falcon Oil & Gas Australia Limited (Falcon) to limit its participation to 5% in the Beetaloo Joint Ventures' second Shenandoah South well pad (SS2) and the two wells in the 2024 drilling program. The two wells in the 2024 drilling program will create two Drilling Spacing Units...

Sydney, Australia (ABN Newswire) - Tamboran Resources Corporation (ASX:TBN) (OTCMKTS:TBNNY) is the largest acreage holder and operator with ~1.9 million net prospective acres in the Beetaloo Basin of the Northern Territory, focused on the development low reservoir CO2 natural gas resources within its portfolio (EP 76, EP 98, EP 117, EP 136, EP 143, EP 161 and EP(A) 197). The Company has achieved significant milestones over the past six months including the redomicile of the Company to the U.S.,...

Sydney, Australia (ABN Newswire) - Tamboran Resources Corporation (ASX:TBN) (OTCMKTS:TBNNY) has booked its first estimate of contingent gas over the Shenandoah South region across EP 98 and 117 in the Beetaloo Basin following a successful 30-day initial production (IP30) flow test of the Shenandoah South 1H (SS-1H) well. The EP 76/98/117 unrisked net 1C contingent gas resources increase by 33 billion cubic feet (Bcf) to 284 Bcf and unrisked net 2C contingent gas resources increase by 152 Bcf to...

Sydney, Australia (ABN Newswire) - Tamboran Resources Corporation's (ASX:TBN) (OTCMKTS:TBNNY) SS-1H achieves commercial IP30 flow rate of 3.2 MMcf/d (normalized to 6.4 MMcf/d over 1,000 metres), exceeding pre-drill expectation. Highlights - The Shenandoah South 1H (SS-1H) well in EP 117 achieved an average 30-day initial production (IP30) flow rate of 3.2 million cubic feet per day (MMcf/d) over the 1,644-foot, 10 stage stimulated length within the Mid Velkerri B Shale, normalized to 6.4 MMcf/d...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) Managing Director and Chief Executive Officer, Mr Joel Riddle, will host a webcast to update the market on the Company's Shenandoah South 1H (SS-1H) 30-day initial production (IP30) well test and ongoing operations in the Beetaloo Basin. Time: 9:30am AEDT (Sydney, Melbourne) Date: Monday, 26 February 2024 Webcast link (pre-register): https://www.abnnewswire.net/lnk/F7124346 A recording of the webcast will be...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) successfully completed the 10-stage stimulation program over a 500-metre (1,640-foot) horizontal section of Mid Velkerri B Shale within the Shenandoah South 1H (SS-1H) well in Beetaloo Basin exploration permit EP 117. Flow back commenced in January 2024 and the Company is on track to announce 30-day initial production (IP30) flow rates in Q1 2024. Diagnostic fracture injection test (DFIT) of the Mid Velkerri...

Sydney, Australia (ABN Newswire) - Tamboran Resources Corporation (ASX:TBN) (OTCMKTS:TBNNY) wishes to advise that the closing date for the retail component of its 1 for 6.2 pro rata accelerated non-renounceable entitlement offer (Retail Entitlement Offer) as announced on 14 December 2023 has been extended by 7 days to allow extra time for eligible retail shareholders to take up their entitlements under the Retail Entitlement Offer. The new closing date for the Retail Entitlement Offer is 5.00 pm...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has released its first Climate Change report. The Report is structured to align with the Task Force on Climate-related Financial Disclosures (TCFD) framework. The TCFD Report outlines Tamboran's strategy to respond to climate change, achieve Net Zero equity Scope 1 and 2 greenhouse gas (GHG) emissions from first commercial production and play a leading role in the energy transition as a reliable supplier of...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has entered into three formal and binding agreements with APA Group (ASX:APA) to support the development of the Company's Beetaloo Basin assets, including: - an Early Development Agreement relating to the development of the ~35-kilometre Sturt Plateau Pipeline (SPP) that is planned to connect the proposed 40 million cubic feet per day (MMcf/d) Sturt Plateau Compression Facility (SPCF) to the Amadeus Gas...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has entered into a Strategic Partnership and received a US$10 million (A$15.2 million) equity investment from Liberty Energy Inc. (NYSE:LBRT) (Liberty), a leading North American energy services firm. Under the Strategic Partnership, Liberty plans to import a modern frac fleet into the Beetaloo Basin in 2024 to support the stimulation campaign with industry leading operational and subsurface engineering...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) announces launch of a non-underwritten institutional placement (Placement) to raise approximately A$28 million (US$18 million) and a non-underwritten 1 for 6.2 pro rata accelerated non-renounceable entitlement offer (Entitlement Offer) (together, the Equity Raise). The Placement and the institutional component of the Entitlement Offer (together, the Institutional Offer) is being made to new and existing...

Sydney, Australia (ABN Newswire) - Tamboran Resources Corporation (ASX:TBN) (OTCMKTS:TBNNY) is pleased to announce that the previously announced scheme of arrangement in relation to the re-domiciliation of the Tamboran Resources Limited and its subsidiaries (Tamboran Group) from Australia to the United States of America (the Scheme) has been fully implemented today. In accordance with the Scheme, all ordinary shares in Tamboran Resources Limited have been transferred to the Company. The Company...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) is pleased to announce that the scheme of arrangement in relation to the re-domiciliation of the Company and its subsidiaries (Tamboran Group) from Australia to the United States of America (the Scheme), has now become legally effective, following the lodgement of the orders of the Federal Court with the Australian Securities and Investments Commission today. Following the implementation of the Scheme, all...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY), on behalf of the Beetaloo Joint Venture (BJV), has successfully completed the 10-stage stimulation program over a 500-metre (1,640-foot) horizontal section of Mid-Velkerri B Shale within the Shenandoah South 1H (SS-1H) well in Beetaloo Basin permit EP 117. The stimulation program at SS-1H delivered a proppant intensity of 2,212 pounds per foot (lb/ft) and achieved rates of 100 barrels per minute (bpm) using...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) is pleased to announce that the Federal Court of Australia (Court) has today made orders approving the re-domiciliation of the Company and its subsidiaries (Tamboran Group) from Australia to the United States of America by way of a scheme of arrangement with its shareholders (Tamboran Shareholders) (the Scheme), under which a newly formed corporation in the State of Delaware (Tamboran US HoldCo) will become...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has commenced stimulation activities at the Shenandoah South 1H (SS-1H) well pad within its 38.75 per cent owned and operated EP 117 permit. The program, which is planned to include 10 stimulation stages over a 500-metre (1,640-foot) horizontal section within the Mid-Velkerri B Shale, is expected to be completed in December 2023. The campaign is being conducted by Condor Energy Services (Condor), a respected...

Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) report that results from the diagnostic fracture injection test (DFIT) of the Mid Velkerri B Shale in the Shenandoah South 1H (SS-1H) well have demonstrated an over pressured regime, with a pore pressure gradient of at least 0.54 pounds per square inch (psi) per foot, in line with results demonstrated at Tanumbirini (0.51 - 0.56 psi per foot). Results have been verified by third-party subsurface experts,...