Australia's Tamboran Resources rises on govt recognition of its project
19/06/2024 02:16
** Shares of Tamboran Resources TBN.AX up as much as 7.9%
at A$0.205, their highest level since May 10
** The oil and gas explorer says its Beetaloo Basin
development was awarded Major Project Status by the Northern
Territory Government (NTG)
** "Recognition of Major Project Status demonstrates NTG's
support for the development of the Beetaloo Basin," TBN says
** Stock has fallen 15.6% this year, as of last close
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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