| Falcon Oil & Gas Ltd. - Beetaloo Operational Update – Stimulation Campaign & Remaining Shenandoah South Pilot Project |
Falcon Oil & Gas Ltd. Beetaloo Operational Update – Stimulation Campaign & Remaining Shenandoah South Pilot Project 14 May 2025 – Falcon Oil & Gas Ltd. |
globenewswire.com |
2025-05-14 06:00:00 |
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| Tamboran Finalizes the Checkerboard of Beetaloo Basin Blocks and Announces US$15 Million Acreage Sale to Daly Waters Energy, LP |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN): Tamboran Resources Corporation Chief Executive Officer, Joel Riddle, said: “We have engaged RBC Capital Markets to progress a farm down of acreage to carry Tamboran through the delineation of gas resources to underpin our Phase 2 strategy. “Tamboran and DWE will continue working together on the Pilot Area, where we are focused on the development of the proposed 40 MMcf/d Shenandoah South Pilot Project. Tamboran's r. |
businesswire.com |
2025-05-13 13:32:00 |
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| Tamboran Announces US$55.4 Million PIPE of Common Stock to Fund Ongoing Drilling Activities to Reach Plateau Production From the Proposed SS Pilot Project |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN): Tamboran Resources Corporation Chief Executive Officer, Joel Riddle, said: “The additional capital, raised through the PIPE and the asset sale to Daly Waters allows us to be fully funded to drill and complete the three remaining wells that are expected to support production of appraisal gas reaching ~40 MMcf/d at our proposed Shenandoah South Pilot Project in mid-2026. The three well drilling program is planned to. |
businesswire.com |
2025-05-13 13:13:00 |
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| Tamboran Resources appoints Jeff Bellman to board ahead of Beetaloo gas production |
Tamboran Resource Corporation has appointed seasoned investment manager Jeff Bellman as a non-executive director, bolstering its board as the company progresses towards first gas production from the Beetaloo Basin in the Northern Territory. Bellman brings more than three decades of experience in the investment management industry, with a core focus on the global oil and gas sector. He has managed equity portfolios across a broad range of market capitalisations, developing enduring relationships with energy sector management teams over a 33-year career. The appointment, effective May 2, 2025, follows Bellman’s most recent role as managing director in the equities and fixed income group at Nuveen Investments, where he served for 12 years. “We are delighted to welcome Jeff at this important phase in the business, as we move towards first production from our Beetaloo Basin assets,” Tamboran chairman Dick Stoneburner said in a statement welcoming the appointment. “His background will enhance our board’s capabilities in supporting the financing of our phased asset commercialization.” Bellman will also serve on Tamboran’s audit & risk and sustainability committees, bolstering the company’s oversight as it advances development of its Northern Territory assets. Tamboran is the largest acreage holder and operator in the Beetaloo sub-basin, with about 1.9 million net prospective acres. The Beetaloo Basin is regarded as one of Australia’s most promising shale gas provinces, with Tamboran aiming to deliver low-carbon dioxide gas to both domestic and export markets. Bellman’s appointment adds financial and energy market depth to Tamboran’s boardroom as the company focuses on securing funding, finalising engineering plans and progressing towards initial production. Following a positive Definitive Feasibility Study (DFS) in the March quarter, Lithium Universe Ltd confirmed its decision to proceed with funding for the Bécancour Lithium Refinery in Québec, Canada, The project has been assessed as economically viable, delivering a strong pre-tax net present value (NPV) at an 8% discount rate of approximately US$718 million. A pre-tax internal rate of return (IRR) of 21.0% and a payback period of 3.9 years are based on key pricing assumptions of US$1,170 per tonne for spodumene concentrate (SC6) and US$20,970 per tonne for battery-grade lithium carbonate (Li₂CO₃). The project is expected to generate annual revenues of around US$383 million and deliver earnings before interest, tax, depreciation and amortisation (EBITDA) of approximately US$148 million. Breakeven prices are estimated at approximately US$740 per tonne for SC6 and US$14,000 per tonne for Li₂CO₃. Operating costs are forecast at approximately US$3,931 per tonne, with total capital expenditure estimated at US$549 million. This represents an 11% increase on the previous pre-feasibility study (PFS), attributed primarily to the inclusion of a Zero Liquid Discharge (ZLD) system and cost escalation. Lithium Universe Bécancour Refinery Estimated Pre-tax Cashflows. Spodumene SC6 historical prices vs LU7 Forecast and BG Lithium Carbonate historical prices vs LU7 Forecast. The facility will use proven Jiangsu refinery technology to produce up to 18,270 tonnes per year of battery-grade lithium carbonate, primarily for lithium iron phosphate (LFP) battery markets. Over 90% of lithium iron phosphate (LFP) battery manufacturing currently takes place outside North America, yet the region is undergoing rapid expansion. By 2028, almost 1,000 gigawatt-hours (GWh) of battery production capacity is expected to come online across North America, translating to a demand of approximately 850,000 tonnes of lithium carbonate equivalent (LCE) per year. However, with no domestic lithium conversion facilities currently operational, significant efforts are now underway to localise supply chains and reduce dependence on overseas processing. Design, location and operational economics Modelled on the successful Jiangsu plant, the Bécancour facility is designed to process 140,000 tonnes per annum (tpa) of spodumene concentrate with lithium recovery of 88% and plant availability of 86%. Québec was selected for its access to low-cost hydroelectric power (US$0.04/kWh), logistics infrastructure, and proximity to North American and trans-Atlantic end markets. Operating costs are projected at US$3,931 per tonne of lithium carbonate—well below the US$4,525/t cost for conversion in China using Canadian feedstock. Offtake discussions are underway with original equipment manufacturers (OEMs), particularly those with EV supply chain exposure in North America and Europe. Lithium Universe’s model includes take-or-pay pricing mechanisms and risk-sharing features, ensuring stability for both parties while supporting localisation of lithium conversion capacity. Two strategic partnerships were also announced. The first is a non-binding memorandum of understanding (MOU) with Lafarge Canada Inc. for the exclusive offtake of aluminosilicate by-product, an additive to cement that enhances strength and sustainability. The second is a collaboration with Polytechnique Montréal to develop lithium processing capabilities and educational programs supporting critical minerals expertise in Canada. Lithium Universe intends to bring in one or two strategic equity partners at the project level (up to 49%) and is appointing a debt advisor to secure financing. The company will also continue environmental and permitting assessments in coordination with government and local First Nations stakeholders. Given its current cash balance of A$0.2 million at March 31, 2025, the company anticipates requiring up to US$550 million to fund development. To conserve capital and focus on the Bécancour project, the company relinquished its remaining Canadian exploration tenements during the quarter. Cash outflows totalled A$727,000, with an end-of-quarter cash position of A$165,000. Lithium Universe is monitoring its financial position and will look for further funding to support ongoing activities when required. |
https://www.proactiveinvestors.com |
2025-05-05 16:46:00 |
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| Tamboran Announces the Appointment of Mr. Jeff Bellman as new Non-Executive Director |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN): Tamboran Resources Corporation Chairman, Mr. Dick Stoneburner, said: “We are delighted to welcome Jeff at this important phase in the business, as we move towards first production from our Beetaloo Basin assets. His background will enhance our Board's capabilities in supporting the financing of our phased asset commercialization. “We look forward to welcoming Jeff to Tamboran's Board.” Mr. Jeff Bellman Mr. Bellman. |
businesswire.com |
2025-05-05 12:00:00 |
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| Tamboran Announce Resignation of Non-Executive Director |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) advises that Ms. Stephanie Reed has resigned as a Non-Executive Director of Tamboran's Board of Directors to focus on other business interests. Ms. Reed has been a valued member of the Company's Board since September 2023, serving on the Compensation and Sustainability Committees of the Board, and supporting the successful listing of Tamboran on the NYSE in June 2024. The Board would like to thank Ms. Reed for her d. |
businesswire.com |
2025-04-21 10:18:00 |
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| Tamboran Schedules 3Q FY25 Earnings Release and Webcast |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) plans to release the Company's third quarter earnings and operational update after NYSE market closes on Wednesday, May 14, 2025 (US time). Managing Director and Chief Executive Officer, Mr. Joel Riddle will host a webcast commencing at 6:00pm EDT to provide an update on the Company's operations in the Beetaloo Basin. This will be followed by a short Q&A session with analysts. Access to the live audio webcast fo. |
businesswire.com |
2025-04-16 01:27:00 |
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| EP 98 Operational Update: SS-2H ST1 Stimulation Delivers Material Step Change in Beetaloo Completion Efficiency |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN): Tamboran Resources Corporation Managing Director and CEO, Joel Riddle, said: “The SS-2H ST1 stimulation operations were successfully completed across 35 stimulated stages over the 5,483-foot horizontal section in the Mid Velkerri B Shale. “The increased efficiency from the Liberty stimulation equipment has delivered Beetaloo Basin completion records for average proppant injection intensity and treating rates over 1. |
businesswire.com |
2025-02-07 00:43:00 |
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| EP 98 Operational Update: Commencement of SS-2H ST1 and SS-3H stimulation campaign |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation Managing Director and CEO, Joel Riddle, said: “We are excited to commence the stimulation program for the SS-2H ST1 and SS-3H wells in the Beetaloo Basin with Liberty Energy's modern stimulation equipment. The increased horsepower of this equipment is expected to deliver a step change in stimulation efficiency and proppant intensity compared to previous wells completed in the Basin. “This stimulation campaign is planned to be the largest. |
businesswire.com |
2025-01-23 22:23:00 |
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| Tamboran Resources and Santos sign MoU for Darwin LNG expansion studies |
Tamboran Resources Corporation and Santos Ltd could add up to 6 million tonnes per annum (MTPA) of capacity to the current Darwin LNG (DLNG) facility in Australia's Northern Territory through a second LNG production train. The companies have signed a non-binding Memorandum of Understanding (MoU) for technical studies regarding the potential expansion, with the DLNG approved for a nominal 10 MTPA. “The MoU between Tamboran and Santos aims to explore commercialisation options for the development of DLNG Train 2 utilising natural gas supplied from the extensive prospective gas resources within the Beetaloo Basin,” Tamboran managing director and CEO Joel Riddle said. “With approximately two million net prospective acres across the Beetaloo Basin, Tamboran holds significant gas resources capable of supplying Northern Territory and Australia’s East Coast gas market for decades. "With multiple commercialisation pathways via LNG markets at Darwin and Gladstone and the East Coast domestic gas market, Tamboran is well positioned to assess opportunities to accelerate value for our shareholders.” Santos operates the existing DLNG project with a 43.4% working interest. Tamboran and Santos are joint venture partners in the EP 161 acreage in the Beetaloo Basin, where Santos holds a 75% operating interest and Tamboran a 25% interest. The pair have been in partnership for more than a decade.” The acreage spans approximately 300,000 acres of Mid Velkerri B Shale, with gas resources at depths below 2,700 metres. Previous tests in the region, including two Tanumbirini wells drilled in 2022, indicated Marcellus Basin-type production decline curves. “We believe the shale within the deepest Beetaloo East region is on par with some of the high-quality shale qualities we have successfully unlocked in the Shenandoah South area in the Beetaloo West," Riddle said. "The Beetaloo East is the location of the Tanumbirini wells, which were drilled and flow tested in 2022 and were the first wells in the basin to demonstrate Marcellus Basin-style decline curves, albeit with undersized equipment, drilling and stimulation techniques. “We look forward to advancing discussions with Santos to unlock this significant shale gas resource and contribute to the expansion of DLNG in Darwin. "This development has the potential to deliver royalties to the Northern Territory Government while generating jobs and royalties for Native Title holders in the region.” Tamboran is also advancing pre-FEED studies for the proposed NTLNG project in collaboration with Bechtel Corporation. Both companies aim to supply natural gas from the Beetaloo Basin to the Australian domestic market and international LNG markets. Evion Group NL welcomes confirmation by the Madagascan Government of the importance of the mining industry, including the company’s Maniry Graphite Project, to the nation’s development. The Implementation Procedures for a new revised Mining Code have been officially decreed and enacted by Parliament which Evion said would provide a solid framework for the development of all graphite and other mining projects in Madagascar. Also providing encouragement has been the Mines Minister again formally endorsing the conversion of Evion’s remaining Exploration (PR) licences to Exploitation (PE) licences that permit it to develop and mine graphite. The formal conversion of these remaining PR licences is a major development and the local government has advised the company that formalisation of this is a short-term priority. Evion’s managing director David Round recently attended a series of high-level meetings with various senior Malagasy government officials in relation to the development of the Maniry graphite mine in the country’s south. Meetings were held with the Mines Minister of Madagascar Dr Olivier Rakotomalala and his advisers with agreement reached on an effective development pathway for the Maniry Graphite Project. Round met with regional leader Princess Zoendreniny who confirmed her region's unequivocal support for the development of the project. Meetings were also held with the CEO of the Office of National pour l’Environnement (ONE) with agreement reached on the final pathway for the confirmation of the Maniry Project Environmental approval. Evion MD David Round (right), with Evion general manager Lydia Boarlaza (centre) and La General de Brigade of ONE Michel Marie Jocelyn Rabemanantsoa (second from right). Managing director David Round said: "My meetings with Dr Rakotomalala and other advisers and dignitaries in Madagascar were all extremely positive and it is clear to me that the government views the mining industry as critically important to the development of Madagascar. "I was pleased to hear that the Mines Minister has now instructed the Bureau du Cadastre Minier de Madagascar (BCMM) to move forward with the conversion of our PRs to PEs and do all things necessary, in the short term, to assist to move toward the construction stage of our project. "My meeting included extensive reviews of our completed definitive feasibility study (DFS) and we outlined to the Mines Minister and Princess Zoendreniny the many benefits that the development of Maniry can bring to the south of Madagascar. "The meetings also provided a framework for short-term development actions, and we look forward to working with the government and local officials over the forthcoming months as we move forward with our development.” The authorisation by the Mines Minister to the BCMM, that manages the issuance of permits, will shortly result in formal conversion documentation being signed off as a priority by both parties. The conversion of these tenements will result in all project areas within Evion's defined DFS being approved as Mining (Exploitation) Licences which allows the company to immediately move toward the mines development phase. Final official conversion of the PRs to PEs will occur following a series of site visits from ONE officials planned for February and March 2025. Evion’s proposed Maniry Graphite Mine adjacent to NextSource Materials’ Molo operation in Southern Madagascar. The Evion in-country management team in Madagascar is actively finalising the terms of the final environmental permits with submission to ONE imminent. A series of final community meetings are also scheduled for the next few weeks to reach agreement on community development plans. The MD and in-country general manager Lydia Boarlaza held a series of meetings with Princess Zoendreniny and other regional officials during which Princess Zoendreniny confirmed her community’s support for the development of the project. Round outlined Evion’s plans for the community which includes extensive infrastructure development, employment opportunities and the implementation of a health care and education centre for all local employees and their families. Part of the Community Development Plan (CDP) will see Evion make a substantial investment in the community including: Evion said: "The culmination of our CDP is an exciting opportunity for this region of Madagascar, and we are committed to assisting the community with improved living standards and progressive employment opportunities and training." Further formal meetings are scheduled for February and March 2025 with government officials, where agreements will be signed between all community representatives and Evion. Following this, Madagascan officials are expected to approve the CDP, which will provide local support and encouragement to fast-track development. Next steps The Evion team anticipates a number of key milestones to be confirmed over the short term: |
https://www.proactiveinvestors.com |
2025-01-23 09:20:00 |
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| Tamboran and Santos execute MOU to progress studies for Darwin LNG expansion |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation Managing Director and CEO, Joel Riddle, said: “The MOU between Tamboran and Santos aims to explore commercialization options for the development of DLNG Train 2 utilizing natural gas supplied from the extensive prospective gas resources within the Beetaloo Basin. “With approximately two million net prospective acres across the Beetaloo Basin, Tamboran holds significant gas resources capable of supplying Northern Territory and Australia's. |
businesswire.com |
2025-01-22 20:43:00 |
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| Tamboran Resources drills Shenandoah South-3H to total depth in just 25 days |
Tamboran Resources Corporation (NYSE:TBN, ASX:TBN) has successfully drilled, cased and cemented the Shenandoah South 3H (SS-3H) well's 5-½-inch casing, achieving a total depth of 21,169 feet (6,452 metres) within Beetaloo Basin exploration permit EP 98 in Australia's Northern Territory. The well was drilled in just 25 days with an average drilling rate of 843 feet per day, 10 days and 43% faster than the SS-2H well, the only other well drilled to more than 20,000 feet. |
proactiveinvestors.com |
2024-12-23 13:09:06 |
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| Tamboran enters binding agreements with APA to deliver the Sturt Plateau Pipeline |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN): Tamboran Resources Corporation Managing Director and CEO, Joel Riddle, said: “We continue to secure key agreements necessary to commence gas production from our proposed Shenandoah South Pilot Project in the first half of 2026. Gas volumes from the Pilot Project will be supplied to the Northern Territory Government through a binding GSA for up to 15.5 years, facilitated by the APA- operated SPP. “With natural gas s. |
businesswire.com |
2024-12-17 01:30:00 |
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| Tamboran Schedules 1Q FY25 Earnings Release and Webcast |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) plans to release the Company's fourth quarter earnings and operational update before NYSE market opens on Tuesday November 12, 2024. Managing Director and Chief Executive Officer, Mr. Joel Riddle will host a webcast commencing at 8:00am ET to provide an update on the Company's operations in the Beetaloo Basin. This will be followed by a short Q&A session with analysts. Access to the live audio webcast for the co. |
businesswire.com |
2024-11-04 21:09:00 |
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| EP 98 Operational Update: Tamboran Commence Shenandoah South Pilot Project drilling program |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN): Tamboran Resources Corporation Managing Director and CEO, Joel Riddle, said: “We are excited to commence our 2024 Beetaloo Basin drilling program, which includes the longest horizontal wells drilled in the Beetaloo Basin to date. With up to 120 stimulation stages to be completed across the two wells, this will be the largest single campaign in the basin to date. “With the new Liberty stimulation equipment being mob. |
businesswire.com |
2024-08-29 22:11:00 |
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| Snowflake, JD.com And Temu Parent PDD Are Among Top 8 Large Cap Losers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio? |
These eight large-cap stocks were the worst performers in the last week. Are they in your portfolio? |
benzinga.com |
2024-08-25 16:07:18 |
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| Tamboran Announces Partial Exercise of Underwriters' Over-Allotment Option |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE:TBN): Further details A registration statement on Form S-1 relating to the proposed offering was declared effective by the U.S. Securities and Exchange Commission on June 26, 2024. Copies of the prospectus relating to the proposed offering may be obtained, when available, from: BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, by telephone at 1-800-294-1322, or. |
businesswire.com |
2024-07-30 02:55:00 |
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| U.S. IPO Weekly Recap: 2Q IPO Market Closes Out With Sizable Pricings And Pipeline Additions |
The IPO market closed out June with four deals, three of which raised $100+ million. In the pipeline, nine companies submitted initial filings, led by what could be the largest IPO of 2024 to date. Web comic platform WEBTOON Entertainment (WBTN) led the week's deals, pricing at the high end to raise $315 million at a $2.8 billion market cap. |
seekingalpha.com |
2024-07-01 15:51:00 |
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| Tamboran Prices US IPO at US$24.00 Per Share |
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation: Further details A registration statement on Form S-1 relating to the proposed offering was declared effective by the U.S. Securities and Exchange Commission on June 26, 2024. Copies of the prospectus relating to the proposed offering may be obtained, when available, from: BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department or by email at dg.prospectus_requests@bofa.com. |
businesswire.com |
2024-06-26 23:43:00 |
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