Tamboran Resources Ltd (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: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.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has had an exciting first year as a listed company on the ASX as we progressed our activities towards the drilling of our first operated wells within the Beetaloo Basin.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has entered into a strategic alliance and has secured $22 million (US$15 million) equity investment from a subsidiary of Helmerich & Payne, Inc.
Tamboran Resources Limited (ASX:TBN) Purchase of Origin's Beetaloo Basin Assets and Equity Raise
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has increased its estimate of EP 161 contingent gas resources following a review of extended production test data from Tanumbirini 2H (T2H) and 3H (T3H).
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) report the Tanumbirini 2H and 3H 30-day normalised flow rates exceed the estimated Beetaloo commerciality threshold.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) provides a presentation to the ASX updating the market on the material de-risking of the Beetaloo Sub-basin over the last 12 months.
