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.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has booked its first estimate of contingent gas resources in the 100 per cent owned and operated EP 136 acreage in the Beetaloo Basin following a review of drilling results from the Maverick 1V (M1V) well.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has successfully commenced drilling of the Amungee NW 3H (A3H) well in 38.75 per cent owned exploration permit EP 98 with the Helmerich & Payne, Inc. (H&P), (NYSE:HP), superspec FlexRig(R) Flex 3 Rig.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) vision is to play a role in the global energy transition by responsibly investing in the development of low-reservoir CO2 natural gas resources in the Beetaloo Basin of the Northern Territory of Australia.
Tamboran Resources Ltd (ASX:TBN) report that the Shenandoah South 1H (SS1H) well in EP 117 has reached a Total Depth (TD) of 3,300 metres, intersecting approximately 90 metres of high quality Mid Velkerri B Shale with strong dry gas shows.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has signed two separate non-binding Letters of Intent for an additional 90 - 125 TJ per day (33 - 45 PJ per annum) with Alinta Energy and ENGIE.
In accordance with the 2014 Falcon Oil and Gas Limited (Falcon) farm-in agreement, Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has given notice to Falcon that all farm-in commitments have been fully satisfied, having reached the associated cost carry commitment.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) is pleased to advise that it has completed its Share Purchase Plan (SPP) with applications received from eligible shareholders totalling A$904,950.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has signed four separate non-binding Letters of Intent (LOIs) with Origin, AGL, Energy Australia and Shell Energy Australia (together the "Parties") to potentially purchase in aggregate 510 - 750 TJ per day.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has successfully commenced drilling of the Shenandoah South 1H (SS1H) well with the Helmerich & Payne, Inc. (H&P), (NYSE:HP), super-spec FlexRig(R) Flex 3 Rig.
The Northern Territory Government granted Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) exclusivity over 170-hectares (420-acres) on the Middle Arm Sustainable Development Precinct (Middle Arm) for a proposed LNG development, Northern Territory LNG.
