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Tamboran Resources: Completes Falcon farm-in carry commitments

25 Aug 2023 2:54 PM | Stephanie Berlin (Administrator)

Highlights

  • In accordance with the 2014 Falcon Oil and Gas Limited (Falcon) farm-in agreement, Tamboran has given notice to Falcon that all farm-in commitments have been fully satisfied, having reached the associated cost carry commitment.
  • All parties have committed to fully fund their full working interest of future cash calls at Shenandoah South 1H (SS1H) in EP 117, which commenced drilling on 01 August 2023.
  • Falcon remains carried for a net A$6.8 million (A$3.4 million net Tamboran) consideration for future drilling activities, following an agreement to waive its pre-emptive rights, as announced by Tamboran on 12 October 2022.

To view the full ASX announcement, click here.

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