Tamboran Sets Beetaloo Stimulation Records, On Track for First Gas Sales in Q3
TBN sits 64% above its 52-week low of $19.2.
Summary
Tamboran completed its largest-ever stimulation program in the Beetaloo Basin, setting operational records of 12 stages in a single day and pumping over 20 hours daily. The company also achieved the first successful use of locally produced sand in the SS-4H well, a step toward lowering well costs. The SPCF construction remains on schedule and within budget, with first gas sales to the Northern Territory Government expected in Q3 2026. This operational progress follows the May acquisition of Falcon Oil & Gas subsidiaries that expanded Tamboran's Beetaloo acreage. The milestones de-risk the path to commercial production and reinforce the company's position as the basin's largest acreage holder.
At the time of this announcement, TBN was trading at $31.43 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $19.20 to $52.21. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.