Brief: Tamboran Resources Signs Binding GSA With Northern Territory Govt

Tamboran Resources

23/04/2024 02:54

April 23 (Reuters) - Tamboran Resources Ltd  TBN.AX :
    * SIGNS BINDING GSA WITH NORTHERN TERRITORY GOVERNMENT
    * WILL BE TARGETING FID ON PROPOSED SHENANDOAH SOUTH PILOT
PROJECT
IN MID-2024, WITH FIRST PRODUCTION PLANNED BY H1 2026
    * AGREEMENT TO SUPPLY NORTHERN TERRITORY GOVERNMENT WITH 40
TJ PER
DAY FROM SHENANDOAH SOUTH PILOT PROJECT
    * TO SUPPLY FROM PROPOSED SHENANDOAH SOUTH PILOT PROJECT FOR
AN
INITIAL TERM OF NINE YEARS
    * UNDER AGREEMENT, GAS WILL BE DELIVERED TO APA-OWNED
AMADEUS GAS
PIPELINE ON TAKE-OR-PAY BASIS AT MARKET-COMPETITIVE GAS PRICE


Further company coverage:  TBN.AX