Tamboran Resources Limited (AU:TBN) has released an update.
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Tamboran Resources Limited has initiated a significant drilling program within the Beetaloo Basin with the spudding of two horizontal wells, signaling the largest single campaign in the region. The project features advanced U.S. technology, aiming to enhance stimulation intensity and optimize gas flows, with expected initial flow test results by Q1 2025 and production commencement targeted for the first half of 2026. This strategic move, leveraging partnerships with major industry players, positions Tamboran to unlock substantial long-term gas reserves.
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