Energy Club NT - Tamboran Resources: ASX Announcement - Implementation of the Pepper Inquiry and Rig Arrival

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Tamboran Resources: ASX Announcement - Implementation of the Pepper Inquiry and Rig Arrival

Tamboran Resources: ASX Announcement - Implementation of the Pepper Inquiry and Rig Arrival

05 May 2023 1:00 PM | Stephanie Berlin (Administrator)

Highlights

Implementation of the Pepper Inquiry recommendations provides Tamboran certainty to progress development of Beetaloo Basin assets

• The Northern Territory Government’s implementation of all 135 recommendations under the 2018 Scientific Inquiry into Hydraulic Fracturing in the Northern Territory provides Tamboran with confidence to progress its investment in the Beetaloo Basin.

• Development of the Beetaloo Basin is expected to deliver Territorians low reservoir carbon dioxide gas to provide affordable energy at a time where Australian families are experiencing cost of living pressures.

• Significant royalties from onshore gas in the Beetaloo are expected to flow to Traditional Owners and Northern Territory Government.

• Northern Territory Deputy Chief Minister and Minister for Mining and Industry, Nicole Manison and Tamboran’s Managing Director, Joel Riddle, will host a media event in Darwin at 11:00am AEST on Friday 5 May 2023 to welcome the arrival of the Helmerich & Payne (H&P) super spec FlexRig® Flex 3 rig in Australia.

• Refer to media statement on page 3 - Arrival of Helmerich & Payne’s FlexRig® drilling rig in Australia to deliver a step change in drilling efficiency in the Beetaloo Basin

For full ASX announcement and media statement, click here

Source: Tamboran Resources

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