Welcome to our dedicated page for Tamboran Resources Corporation news (Ticker: TBN), a resource for investors and traders seeking the latest updates and insights on Tamboran Resources Corporation stock.
Tamboran Resources Corporation (symbol: TBN) is an innovative gas company dedicated to aiding the Net Zero CO2 energy transition in Australia and the Asia-Pacific region. The company primarily focuses on developing low CO2 unconventional gas resources in the Australian Northern Territory, positioning itself at the forefront of sustainable energy solutions.
Tamboran Resources is committed to leveraging advanced technology and strategic partnerships to minimize carbon emissions and enhance energy efficiency. Their core business revolves around the exploration, development, and production of natural gas, ensuring a reliable and eco-friendly energy supply.
Recent achievements by Tamboran Resources include significant progress in their Northern Territory projects, which are expected to play a pivotal role in the regional energy market. The company’s innovative approach to gas extraction aims to balance economic growth with environmental stewardship.
Financially, Tamboran Resources has demonstrated resilience and strategic growth, continuously investing in research and development to improve their gas extraction processes. The company’s robust financial condition is a testament to its effective management and forward-thinking strategies.
Tamboran Resources has forged valuable partnerships with key players in the energy sector, enhancing its operational capabilities and market reach. These collaborations are crucial for the company’s goal of contributing to a low-carbon future by providing cleaner energy alternatives.
Overall, Tamboran Resources Corporation stands as a significant entity in the energy transition landscape, with a clear mission to reduce carbon emissions and promote sustainable gas production. The company’s ongoing projects and strategic initiatives underscore its commitment to a greener and more sustainable future.
Tamboran Resources (NYSE: TBN) and Daly Waters Energy have signed binding agreements with APA Group for the construction and operation of the Sturt Plateau Pipeline (SPP). The 23-mile pipeline will connect the Sturt Plateau Compression Facility to APA's Amadeus Gas Pipeline, supporting gas delivery for the Shenandoah South Pilot Project.
Tamboran and DWE have secured all foundation capacity on the SPP until at least 2041, aligned with their Gas Sales Agreement with the Northern Territory Government. APA is advancing the project's detailed design and approvals, with construction planned for 2H 2025 and operations expected to begin in 1H 2026.
Tamboran Resources (NYSE: TBN, ASX: TBN) has announced it will release its fourth quarter earnings and operational update before NYSE market opens on Tuesday November 12, 2024. Managing Director and CEO Joel Riddle will host a webcast at 8:00am ET to discuss the company's operations in the Beetaloo Basin, followed by an analyst Q&A session. The live audio webcast will be accessible through Tamboran's website, with a recording available after the presentation.
Tamboran Resources (NYSE: TBN, ASX: TBN) has announced its plans to release its fourth quarter earnings and operational update for FY24 on Friday, September 20, 2024, before the NYSE market opens. Managing Director and CEO Joel Riddle will host a webcast at 8:00 AM ET to provide an update on the company's operations in the Beetaloo Basin, followed by a Q&A session with analysts. The live audio webcast will be accessible through Tamboran's website, with a recording available afterward. This announcement marks an important event for investors and analysts interested in Tamboran's financial performance and operational progress in the energy sector.
Tamboran Resources (NYSE: TBN, ASX: TBN) has commenced its Shenandoah South (SS) Pilot Project drilling program in EP 98. The company has spudded the SS-2H well, targeting the Middle Velkerri B Shale at a depth of approximately 9,910 feet. This will be followed by the SS-3H well, both designed with a 10,000-foot horizontal section and up to 60 stimulation stages each.
The drilling program utilizes Helmerich & Payne's super-spec FlexRig® Flex 3 rig and Liberty Energy's modern frac fleet, recently mobilized from the US. Initial flow test results are expected in Q1 2025, with production from the SS Pilot Project anticipated to commence in H1 2026, subject to approvals. This campaign represents the largest single campaign in the Beetaloo Basin to date.
Tamboran Resources (NYSE:TBN) announced the partial exercise of the underwriters' over-allotment option from its recent IPO. An additional 308,750 shares will be sold at US$24.00 per share, generating US$7.4 million in gross proceeds. The closing is expected on July 30, 2024, subject to customary conditions.
The funds will be used to support ongoing drilling activities for the proposed Shenandoah South Pilot Project in the Beetaloo Basin. This follows Tamboran's initial public offering of 3,125,000 shares at the same price. The original 30-day over-allotment option was granted in connection with the IPO.
Tamboran Resources has set the price for its upcoming US IPO at $24.00 per share.
The offering includes 3,125,000 shares, aiming to raise $75 million in gross proceeds. The funds will be used for drilling activities in the Beetaloo Basin's Shenandoah South Pilot Project.
Tamboran's shares will begin trading on the NYSE under the ticker 'TBN' on June 27, 2024. The offering is expected to close on June 28, 2024, pending customary conditions.
Underwriters have a 30-day option to purchase an additional 468,750 shares at the IPO price. BofA Securities, Citigroup, and RBC Capital Markets are leading the offering, with Johnson Rice & Company and Piper Sandler as co-managers.
The registration statement was declared effective by the SEC on June 26, 2024.
FAQ
What is the current stock price of Tamboran Resources Corporation (TBN)?
What is the market cap of Tamboran Resources Corporation (TBN)?
What does Tamboran Resources Corporation do?
Where is Tamboran Resources Corporation focused?
What are some recent achievements of Tamboran Resources?
What is the core business of Tamboran Resources?
How is Tamboran Resources contributing to the energy transition?
What is the financial condition of Tamboran Resources?
Who are Tamboran Resources' partners?
What technologies does Tamboran Resources use?
Why is Tamboran Resources significant in the energy sector?
What are the future plans for Tamboran Resources?
