Tamboran Resources Corporation Stock Price, News & Analysis

Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) has appointed Mr. Jeff Bellman as a Non-Executive Director to its Board, effective May 2, 2025. Bellman brings 33 years of experience in investment management, specializing in analyzing and investing in the global oil and gas sector. His most recent role was serving as Managing Director at Nuveen Investments for twelve years. The appointment comes as Tamboran approaches first production from its Beetaloo Basin assets. Bellman will also serve on the company's Audit & Risk and Sustainability Committees.

Tamboran Resources (NYSE: TBN, ASX: TBN) announced the resignation of Ms. Stephanie Reed from her position as Non-Executive Director. Reed, who joined the Board in September 2023, served on the Compensation and Sustainability Committees and played a key role in the company's successful NYSE listing in June 2024.

CEO Joel Riddle acknowledged Reed's valuable contributions during her tenure. Reed is stepping down to focus on other business interests, and the Board has extended its best wishes for her future endeavors.

Tamboran Resources (NYSE: TBN, ASX: TBN) has announced it will release its third quarter FY25 earnings and operational update after NYSE market close on Wednesday, May 14, 2025. The company's Managing Director and CEO, Joel Riddle, will host a webcast at 6:00pm EDT (8:00am AEST on May 15) to discuss operations in the Beetaloo Basin.

The presentation will include a Q&A session with analysts. Investors can access the live audio webcast through Tamboran's website at https://ir.tamboran.com/, where a recording will also be available after the event.

Tamboran Resources (NYSE: TBN) has successfully completed stimulation operations at the Shenandoah South 2H sidetrack (SS-2H ST1) well in the Beetaloo Basin. The operation covered 35 stages across a 5,483-foot horizontal section in the Mid Velkerri B Shale, utilizing Liberty Energy's modern stimulation equipment.

Key achievements include:

• Record completion of five stages over 24-hour periods
• Average proppant intensity of 2,706 pounds per foot
• Wellhead injection rates above 100 barrels per minute
• Stage spacing optimized to ~168 feet for improved efficiency

The well demonstrated significant improvements compared to SS-1H, including a 234% increase in usable lateral stimulation length, 250% increase in stimulated stages, and 22% higher stimulation intensity. The next steps include clean out activities and commencement of initial flow back and extended production testing.

Tamboran Resources has initiated stimulation activities for the Shenandoah South 2H sidetrack (SS-2H ST1) and 3H (SS-3H) wells in the Beetaloo Basin EP 98. The campaign includes up to 119 stimulation stages across both wells, with SS-2H ST1 planned for 43 stages over 5,427 feet and SS-3H planned for 76 stages over 9,766 feet.

The operation utilizes Liberty Energy's modern stimulation equipment - the first 80,000 hydraulic horsepower frac spread imported from the US to the Beetaloo Basin. This increased horsepower is expected to deliver >25% increase in proppant intensity of >2,800 pounds per foot compared to the previous Shenandoah South 1H well. The wells are planned to provide energy to the Northern Territory through the proposed 40 MMcf/d Shenandoah South Pilot Project.

Tamboran Resources and Santos have signed a non-binding MOU to conduct technical studies for a potential Darwin LNG (DLNG) Train 2 expansion and collaborate on their jointly owned EP 161 acreage in the Beetaloo Basin. The studies will evaluate options for supplying natural gas to expand the existing DLNG facility at Middle Arm by up to ~6 MTPA, with the facility approved for a nominal 10 MTPA.

The EP 161 acreage, operated by Santos (75% interest) with Tamboran holding 25%, contains ~300,000 acres of Mid Velkerri B Shale. The area has shown promising Marcellus Basin-type decline curves from two Tanumbirini wells tested in 2022. Tamboran, with approximately two million net prospective acres across the Beetaloo Basin, continues to progress its NTLNG project at Middle Arm while exploring multiple commercialization pathways via LNG markets at Darwin and Gladstone.