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Tamboran Resources Corporation (ASX:TBN)
ALERT: Price-sensitive ASX Announcement for TBN
Current share price for TBN : $0.280 0.085 (43.59%)+
Announcement
Release
12 Feb 2026 8:15AM
Price at Release
$0.195
Full Release
Summary
Tamboran Resources Corporation's second quarter results presentation for fiscal year 2026 highlights significant developments in the Beetaloo Basin. The company, led by CEO Todd Abbott, successfully completed initial batch drilling with strong well results and is advancing its Beetaloo Basin operations with plans to commence gas sales by the third quarter of 2026. Tamboran reported a pro forma cash balance of approximately USD 137.9 million by December 31, 2025, bolstered by recent capital raises and strategic transactions. The company is focused on expanding its gas production capabilities and infrastructure, with key projects such as the Sturt Plateau Compression Facility and the Sturt Plateau Pipeline underway. These efforts align with its strategy to become a major gas producer in the region.
Key Points
- Appointment of Todd Abbott as CEO.
- Successful completion of initial batch drilling in the Beetaloo Basin.
- Targeting first gas sales by 3Q 2026.
- Pro forma cash balance of ~USD 137.9 million by December 31, 2025.
- Ongoing construction of Sturt Plateau Compression Facility and Pipeline.
- Plans to stimulate additional wells in 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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