Highlights:
- Tamboran Resources Corporation has reached an historic agreement with Native Title Holders and the Northern Land Council for the sale of appraisal gas from its Exploration Permits in the Beetaloo Basin (Agreement).
- The Agreement provides Native Title Holders’ consent to the Beetaloo Joint Venture (BJV) to sell appraisal gas from EP 98 and EP 117 of up to 60 TJ per day from the proposed Shenandoah South Pilot Project over a three-year period. The BJV will now focus on securing necessary approvals to support longer-term production.
- The BJV has contracted an initial 40 MMcf/d to supply the Northern Territory Government until mid-2041, which is expected to provide energy security for Territorians. First gas is planned in mid-2026, subject to weather conditions and customary stakeholder approvals.
- Tamboran maintains strong working relationships with the Native Title Holders across its operated acreage. The Company plans to continue delivering financial benefits, training, employment, and contracting opportunities to the Native Title Holders and the local community.
- Tamboran will continue working with Native Title Holders and the Northern Land Council to ensure the development of the Beetaloo is a genuine partnership that represents significant and long-term economic and social benefits
Source: Tamboran Resources ASX Announcement
