4th Quarter & Annual Presentation
Sydney, Sep 23, 2024 AEST (ABN Newswire) - Tamboran Resources Corporation (
ASX:TBN) (NYSE:TBN) (TBNNY:OTCMKTS) announce the 4th quarter and annual presentation.
FY24 Highlights include:
Achieved the highest normalized flow rates from the Beetaloo Basin to date from the Shenandoah South 1H (SS-1H) well
Secured funding of US$82 million (precosts) for Tamboran's operated 2024 Beetaloo Basin drilling program via the successful IPO on the NYSE
Entered into a Strategic Agreement with Liberty Energy (including US$20 million investment) to import modern US frac fleet into the Beetaloo Basin
Signed a 15.5-year Binding Gas Sales Agreement with the Northern Territory Government for proposed SS Pilot Project (Phase 1)
Signed LOIs with six East Coast gas buyers for up to 875 MMcf/d (>50% current East Coast gas demand) (Phase 2)
Signed two MOUs with bp and Shell for 2.2 MTPA of LNG each and awarded Bechtel Pre-FEED activities on proposed NTLNG project at Middle Arm (Phase 3)
*To view the 4th Quarter Results and Annual Presentation, please visit:
https://abnnewswire.net/lnk/0S7HJGK3
About Tamboran Resources Corporation
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.
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