Tamboran Resources Corporation (ASX:TBN) is a natural gas company that intends to play a constructive role in the global energy transition towards a lower carbon future by developing low CO2 unconventional natural gas resources in the Beetaloo Sub-basin within the Greater McArthur Basin in the Northern Territory of Australia. Tamboran's key assets are a 25% working interest in EP 161 and a 100% working interest in EP 136, EP 143 and EP(A) 197 which are located in the Beetaloo Sub-basin.
During the quarter, Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNRF) and Daly Waters Energy LP (DWE) completed the $60 million acquisition of Beetaloo Basin assets EP 76, 98 and 117. The acquisition positions Tamboran as the largest operator and acreage holder in the Basin, with ~1.9 million net prospective acres.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNRF) report that the Amungee 2H (A2H) in EP 98 was successfully drilled to a total depth (TD) of 3,883 metres, including a 1,275-metre horizontal section, which was placed in the most prospective zone within the Mid-Velkerri "B Shale" formation.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNRF) has released its 2022 Sustainability Plan, outlining the Company's vision for playing a part in the global transition to a low carbon economy through production of low-CO2 natural gas.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNRF) announce that the Amungee 2H (A2H) development well in Tamboran's 38.75 per cent owned and operated exploration permit EP 98 spudded on 10 November 2022.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNRF) announce the completion of acquisition of Beetaloo assets from Origin Energy Ltd (ASX:ORG).
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNRF) is pleased to advise that it has successfully completed its equity raise announced on Tuesday, 20 September 2022 to raise approximately A$137 million through a two-tranche placement.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNRF) Managing Director and CEO, Joel Riddle said: "The first quarter of financial year 2023 has been a transformational period for Tamboran, having announced the acquisition of Origin Energy's Beetaloo Basin assets."
Tamboran Resources Limited (ASX:TBN) is pleased to advise that it has completed its Share Purchase Plan (SPP) announced on Tuesday, 20 September 2022.
Tamboran Resources Limited (ASX:TBN) Update on the Acquisition of Origin's Beetaloo Assets
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNRF) advise that the Maverick 1V (M1V) vertical well, drilled within Tamboran's 100 per cent owned and operated Beetaloo Basin permit, EP 136, has safely reached a total depth (TD) of 3,050 metres.
