Brief: Tamboran Resources Signs Four LOIs For 510-750 TJ Per Day With Potential East Coast Gas Buyers

Tamboran Resources

02/08/2023 02:41

Aug 2 (Reuters) - Tamboran Resources Ltd  TBN.AX :
    * SIGNS FOUR LOIS FOR 510 - 750 TJ PER DAY WITH POTENTIAL
EAST
COAST GAS BUYERS
    * HAS SIGNED FOUR SEPARATE NON-BINDING LETTERS OF INTENT
WITH
ORIGIN, AGL, ENERGYAUSTRALIA AND SHELL ENERGY AUSTRALIA
    * WILL SEPARATELY WORK WITH PARTIES TOWARD EXECUTING
SEPARATE
BINDING FULLY TERMED GAS SALES AGREEMENTS
    * FIRST GAS IS TARGETED TO COMMENCE IN 2028, SUBJECT TO
COMMERCIAL
FLOW RATES FROM TAMBORAN'S BEETALOO BASIN ASSETS
    * SEPARATE BINDING FULLY TERMED GAS SALES AGREEMENTS FOR
PURCHASE
PRICE, TRANSPORT ARRANGEMENTS AND OTHER KEY COMMERCIAL TERMS
    * LOIS TO POTENTIALLY PURCHASE AGGREGATE 510-750 TJ PER DAY
OF GAS
FROM CO'S CO2 BEETALOO BASIN ASSETS FOR UP TO 10 - 15 YRS

Source text for Eikon:  ID:nASX540MLQ 
Further company coverage:  TBN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))