Farm Out Process Commenced1 Sep 2025 07:19
🔥Tamboran/DWE checkerboard and farmout process
Tamboran progressing towards farmout of ~400,000 acres in Phase 2 Development Area
"Phase 2 Development Area" is most "development-ready" acreage in the Beetaloo Basin given derisked resources, supportive land access and proximity to existing infrastructure
- 406,693 gross prospective acres (236,370 net operated acres to TBN) in close proximity to derisked Phase 1
Pilot Project and SPP
- Focused development strategy to supply East Coast domestic gas market in stages from 2028-30 to address anticipated ~ 1 Bcf/d shortfall as highlighted by ACCC(1) and AEMO(2)
- Targeting multiple wells in 2026 to book reserves to support a Phase 2 project sanctioning decision
- RBC Capital Markets have commenced formal process to farm out Tamboran's working interest in
"Phase 2 Development Area" (3)