Tamboran Resources

Financials:

Primary ticker: ASX: TBN
Stage of development: Exploration, Development
Primary minerals: Energy
Project to promote: Beetaloo Basin
Project location: South Australia 
Website: www.tamboran.com

Corporate presentation: Click here

Tamboran Resources Limited is the largest acreage holder with ~1.9 million net prospective net acres in the Beetaloo Basin in the Northern Territory of Australia. The Company is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the basin.

Cash:
AUD$195M
Debt: NIL

Major Shareholders:
 
Sheffield Holdings – 15%
Longview 10%, Baupost – 9%
Helmrich & Payne – 7%
Lion Point – 5%
Management Ownership – 13%

Management Profile

What recent news would you like to highlight to investors attending?

Tamboran recently acquired Origin Energy’s Beetaloo Assets and fudned the purchase through a placement and strategic partnerships to raise up to ~$195 million

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Drilling 3 wells in the next 3 months

6 Months:

Well results in the next 6 months

12 Months:

Major reserve upgrade and commercial gas sale agreements