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Tamboran Resources Corporation (ASX:TBN)

ALERT: Price-sensitive ASX Announcement for TBN
Current share price for TBN : $0.215 -0.035 (-14%)+
Announcement
Release
14 May 2026 8:24AM
Price at Release
$0.250
Full Release
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Summary
Tamboran Resources Corporation's Third Quarter FY26 Results Presentation detailed significant advancements in their projects, including the Sturt Plateau Compression Facility nearing completion and strategic partnerships in the Beetaloo Basin. The company has secured substantial funding to support its strategic ambitions, including an approximate US$198 million capital raise for activities in 2026 and 2027. Upcoming drilling operations with Santos in the EP 161, planned for 3Q 2026, highlight Tamboran's active involvement in the Beetaloo Basin. The financial position remains strong with a reinforced balance sheet and substantial near-term cash inflows, positioning Tamboran to capitalize on LNG opportunities as production ramps up.
Key Points
  • Tamboran Resources Corporation held a Third Quarter Results Presentation for FY26.
  • The Sturt Plateau Compression Facility (SPCF) project is 88% complete and on track for commissioning in 3Q 2026.
  • Tamboran is engaged in a strategic farmout of Beetaloo Central Development Area (BCDA) with Daly Waters Energy.
  • The company raised approximately US$198 million in April 2026 to fund growth and appraisal activities for 2026 and 2027.
  • Participation in two EP 161 wells with Santos is planned for drilling in the Beetaloo Basin by 3Q 2026.
  • Tamboran's funding allows it to enhance activities across the Beetaloo East depocenter, aiming for future partnerships and development.
  • Tamboran strengthened its balance sheet following a recent capital raise, with expected near-term cash inflows of ~US$298 million by March 31, 2026.
  • The presentation outlined the potential of the Beetaloo Basin gas as LNG backfill for the GLNG and DLNG projects.
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.