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Tamboran Resources Corporation (ASX:TBN)

ALERT: Price-sensitive ASX Announcement for TBN
Current share price for TBN : $0.260 0.065 (33.33%)+
Announcement
Release
12 Feb 2026 8:15AM
Price at Release
$0.195
Full Release
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Summary
Tamboran Resources Corporation reported on their activities for the second quarter ending December 31, 2025. Significant developments included the successful completion of their first batch drilling program in the Beetaloo Basin, with wells drilled and cemented in the Mid Velkerri B shale. They completed a substantial capital raise, including a public offer and PIPE transaction, bolstered by strategic partner Baker Hughes. Tamboran anticipates first gas sales from the Beetaloo Basin in Q3 2026. They appointed Todd Abbott as CEO in January 2026, who brings over 25 years of upstream experience. Tamboran is advancing construction on the Sturt Plateau Compression Facility (SPCF) with DWE, maintaining a strong financial position with a cash balance of US$90.9 million. Other key activities include the commencement of a sales process for the SPCF and the planned acquisition of Falcon Oil & Gas Ltd.
Key Points
  • Appointment of Todd Abbott as CEO
  • Completion of the first batch drilling program in the Beetaloo Basin
  • Successful capital raise of US$67.4 million
  • Anticipation of first gas sales in Q3 2026
  • Advancements in the construction of the SPCF
  • Acquisition plans for Falcon Oil & Gas Ltd.
  • Increased ownership in various pilot areas within the Beetaloo Basin
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.