Tamboran Resources Achieves Record Production Flow Rates at Beetaloo Basin Well

Tamboran Resources has announced record-breaking initial production flow rates from its Shenandoah South Pilot Project in Australia's Beetaloo sub-basin. The well achieved a 20-day average initial production rate of 10.3 million cubic feet per day, marking a significant milestone for the project. These results stem from successful stimulation activities designed to demonstrate the commercial viability of the shale gas play in the Northern Territory. This development significantly de-risks the Beetaloo Basin project and enhances the long-term commercial prospects for the company. Analysts view this as a positive step toward establishing a major new source of natural gas supply in the region. Consequently, the news is expected to support Tamboran’s stock performance and influence regional natural gas outlooks.