Welcome to our dedicated page for Tamboran Resources news (Ticker: TBN), a resource for investors and traders seeking the latest updates and insights on Tamboran Resources stock.
Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) is a natural gas exploration and production company focused on unconventional gas resources in the Beetaloo Sub-basin in Australia’s Northern Territory. The TBN news feed highlights company announcements, operational milestones and capital markets activity that shape its Beetaloo-focused growth strategy.
Investors following TBN news can see updates on the Shenandoah South Pilot Project, including drilling progress, stimulation plans and long-term production testing across multi-well programs. Recent releases describe the completion of the largest Beetaloo Basin drilling program to date, with horizontal wells such as SS-4H, SS-5H and SS-6H drilled and cased ahead of stimulation, and the use of modern drilling and stimulation technologies from partners like Baker Hughes and Liberty Energy.
The news flow also covers key regulatory and commercial milestones, such as approval under the Northern Territory Government’s Beneficial Use of Gas legislation, the first approval of its kind, and the execution of a binding Gas Sales Agreement to supply gas to the NT Government. Financing developments feature prominently, including underwritten public offerings of common stock, PIPE transactions, a security purchase plan for CDI holders and a syndicated debt facility for the Sturt Plateau Compression Facility.
Corporate and strategic updates appear in TBN news as well, including the appointment of Todd Abbott as Chief Executive Officer, the transition of Richard Stoneburner back to his role as Chairman, and the planned acquisition of Falcon Oil & Gas Ltd. to expand Tamboran’s net prospective acreage. Earnings release schedules, webcasts and shareholder meeting information are also announced through press releases.
For readers tracking TBN, the news page provides a consolidated view of operational updates from the Beetaloo Basin, regulatory approvals, financing transactions and governance changes that influence Tamboran’s development path.
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.
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.