Tamboran Resources Limited is pleased to announce it has lodged a prospectus with ASIC today for an Initial Public Offering ("IPO") to list on the Australian Securities Exchange ("ASX") to issue up to 165 million fully paid ordinary shares at A$0.40 per share.
Tamboran Resources Limited
Tamboran is a natural gas company focused on supporting the net zero energy transition by developing clean, low-CO2, unconventional gas resources in the Northern Territory, Australia. Tamboran's key assets are a 25% working interest in EP 161 and a 100% working interest in EP 136 which are located in the Beetaloo Sub-basin.
The Company is focused on developing early-stage, unconventional gas resources within its portfolio which are located in the Beetaloo Sub-basin in the Northern Territory. Tamboran Resources Limited is headquartered in Sydney, Australia with a global management team leveraging a significant depth of experience in the successful commercialisation of unconventional hydrocarbons throughout North America. The team brings a wealth of knowledge, including modern shale reservoir assessment, as well as cutting-edge drilling and completion design technology.
Tamboran Resources Limited ("Tamboran" or the "Company") is pleased to announce that the Tanumbirini #2H horizontal gas well commenced drilling operations.
Tamboran Resources Limited today released its inaugural Sustainability Plan, outlining the Company's wide-ranging set of commitments and actions to achieve its vision of playing a part in the global energy transition to a lower carbon future through the development of a large-scale, clean, low CO2 natural gas resource in the Beetaloo Sub-basin in the Northern Territory of Australia.
Tamboran is pleased to announce the appointment of Non-Executive Director, Dick Stoneburner, as Chairman of the Tamboran Board effective February 2021, and the appointment of Ann Diamant as a new Non-Executive Director of the Company effective March 2021. Patrick Elliott has stepped down as Chairman and remains on the Tamboran Board as a Non-Executive Director.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide an update on preparation for the fracture stimulation and flow testing of its 100% owned-and-operated Carpentaria-1 vertical exploration well in EP187, located on the eastern side of the Northern Territory's Beetaloo Sub-basin.
Tamboran Resources Limited ("Tamboran" or the "Company") is pleased to announce the acquisition of Sweetpea Petroleum Pty Ltd ("Sweetpea" or the "Acquisition").
Tamboran Resources Limited - Positive Results of Vertical Frac and Gas Flow Tests in the Beetaloo Basin
Tamboran Resources Limited is pleased to announce another successful test result of the Tanumbirini 1 vertical frac and flow test with Santos QNT Pty Ltd in the Beetaloo McArthur Basin. Santos Ltd (ASX:STO) is the Operator of EP 161 with a 75% working interest and Tamboran holds 25% working interest.