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ASX:TBN

8 stories mentioning ASX:TBNUpdated 10d ago

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Asia

Tamboran Resources Completes Three-Well Stimulation Program in Northern Territory's Beetaloo Basin

Tamboran Resources (ASX:TBN) completed stimulation and cleanout activities at three wells in the Northern Pilot Area of the Beetaloo Basin in the Northern Territory, according to a Monday filing with the Australian bourse.The program marks the first three-well zipper stimulation and "the largest campaign ever conducted in the Beetaloo Basin," with 178 stages placed across roughly 30,000 feet within the Mid Velkerri B Shale formation, the company said.The stimulation program averaged 6.7 stimulated stages per day, including records of 12 stages in a day and pumping operations exceeding 20 hours per day, per the filing.The company plans to tie the wells into the Sturt Plateau Compression Facility, where construction is nearing completion. The project remains within its AU$141 million gross budget, and first gas sales to the Northern Territory government are on track for the third quarter.

ASX:TBN
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Electro Optic Systems Holdings (ASX:EOS): -6%, AU$8.38Pro Medicus (ASX:PME): -5%, AU$199.56Tamboran Resources (ASX:TBN): -4%, AU$0.23Elevra Lithium (ASX:ELV): -4%, AU$8.67Austal (ASX:ASB): -4%, AU$3.77EVT (ASX:EVT): -3%, AU$12.33Telix Pharmaceuticals (ASX:TLX): -3%, AU$16.36Marimaca Copper (ASX:MC2): -3%, AU$7.51SiteMinder (ASX:SDR): -3%, AU$3.79Codan (ASX:CDA): -3%, AU$43.25

ASX 200ASX:ASBASX:CDAASX:ELVASX:EOSASX:EVTASX:MC2ASX:PMEASX:SDRASX:TBNASX:TLX
Asia

Tamboran Resources Wins Favorable Federal Court Ruling for Northern Territory Gas Project; Shares Down 8%

Tamboran Resources (ASX:TBN) secured a victory in a case brought by Lock the Gate Alliance against its Northern Territory Beetaloo Basin project as the Federal Court dismissed the proceedings with costs, according to a Friday court document.Lock the Gate Alliance is a group of environment campaigners that brought forward concerns related to the water-intensive and controversial mining process called fracking.The court said it was not satisfied that Tamboran's operations constitute an unconventional gas development or that they will have a significant impact on a water resource.Lock the Gate Alliance did not immediately respond to' request for comment.Tamboran Resources' shares fell past 8% in recent Thursday trade.

ASX:TBN
Asia

Update: ASX Biggest Losers

(Updates to add tickers)Here are the ASX-listed companies with the biggest losses on Friday:Energy Resources of Australia (ASX:ERA): -20%, AU$0.002United Overseas Australia (ASX:UOS): -6%, AU$0.68Tamboran Resources (ASX:TBN): -7%, AU$0.22REA Group (ASX:REA): -4%, AU$141.51News Corp (ASX:NWS): -4%, AU$42.45Viva Energy Group (ASX:VEA): -4%, AU$2.24DigiCo Infrastructure REIT (ASX:DGT): -4%, AU$2.43Tuas (ASX:TUA): -3%, AU$2.62Anteris Technologies Global (ASX:AVR): -3%, AU$13.08Beach Energy (ASX:BPT): -2%, AU$1.06

ASX 200ASX:AVRASX:BPTASX:DGTASX:ERAASX:NWSASX:REAASX:TBNASX:TUAASX:UOSASX:VEA
Asia

Tamboran Resources Completes Acquisition of Oil, Gas Company

Tamboran Resources (ASX:TBN) completed the acquisition of Falcon Oil & Gas through the acquisition of its subsidiaries after the receipt of final approval from the Supreme Court of British Columbia, according to a Friday filing with the Australian bourse.The company now holds roughly 2.8 million net prospective acres, the filing said.The company issued about 6.5 million shares of common stock to eligible Falcon shareholders on completion of the transaction, per the filing.

ASX:TBN
Asia

Market Chatter: Tamboran's Shares Up 1% After Northern Territory Project Investor Says Australia Stands to Benefit from Gas Supply Diversification Push

Tamboran Resources' (ASX:TBN) shares rose 1% in recent trading on Tuesday after Bryan Sheffield, Formentera Partners' managing partner, an investor in the Beetalo project in the Northern Territory, said Australia's economy stands to benefit as buyers will seek to diversify their gas supplies in the wake of the Middle East conflict, the Australian Financial Review (AFR) reported.A liquefied gas facility in Qatar, which was damaged in the conflict, might probably need three to four years to be fully repaired, Sheffield, a US-based billionaire and oil and gas investor, noted.He said he would try to work out the best way to lower costs for the Northern Territory project. Tamboran signed a farm-in agreement with Formentera Partners, the owner of Daly Waters Energy, for the development of the project.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:TBN
Asia

Tamboran Resources Says Joint Venture Plans to Begin Drilling at Northern Territory Wells; Shares Jump 6%

Tamboran Resources (ASX:TBN) said the Beetaloo joint venture in the Northern Territory is set to start drilling activities of the Shenandoah South-7H and SS-8H wells on the SS1 pad in the middle of the year, according to a Thursday Australian bourse filing.The Beetaloo basin program for the year is expected to begin imminently with the stimulation of the SS-3H, SS-4H, and SS-5H wells on the SS2 pad. Tamboran has a 47.5% working interest in 20,309 acres and is the operator of the Northern pilot area. It has a 38.75% working interest in 20,309 acres and is the non-operator of the Southern pilot area.The Sturt Plateau Compression Facility was 88% complete at the end of April, and the facility construction remains on budget and on track to begin commissioning in the September quarter.Its shares jumped 6% in recent trading on Thursday.

ASX:TBN
Asia

GR Engineering Services Unit Secures Five-Year Contract for Northern Territory Facility

GR Engineering Services' (ASX:GNG) GR Production Services subsidiary won a five-year contract with Sturt Plateau Compression Facility Sub as trustee for the Sturt Plateau Compression Facility Sub Trust, for the provision of operations and maintenance services to the Sturt Plateau Compression Facility in the Northern Territory, according to a Monday filing with the Australian bourse.The contract has an estimated value of AU$57 million over five years and includes an option to extend the agreement by a further three years, the filing said.The Sturt Plateau Compression Facility Sub is an entity indirectly owned 50% by Tamboran Resources (ASX:TBN) and 50% by Daly Waters Infrastructure, per the filing.GR Engineering Services shares rose 1% in morning trade on Monday, while Tamboran Resources shares were down 2%.

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