Australia's Tamboran Resources gains most in 8 weeks after gas supply deal

Tamboran Resources

23/04/2024 02:24

** Shares of Tamboran Resources Ltd  TBN.AX  jump as much as
12.1% to A$0.185, their biggest intraday pct gain since Feb 27
    ** The oil and gas explorer signs a gas sales agreement with
the Northern Territory government to supply 40 terajoules per
day from Shenandoah South pilot project
    ** Co will be targeting FID on proposed Shenandoah South
project in mid-2024, with first production planned by H1 2026
    ** Stock hits highest level since April 5
    ** Tamboran stock down 26.67% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))