Investment Territory’s Post

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Tamboran Resources Corporation has received approval for its Environment Management Plan (EMP) to construct exploration sites, and drill and undertake flow testing of to 15 natural gas wells in the Beetaloo Sub-basin. The EMP meets stringent assessment criteria and aligns with the Northern Territory’s net zero by 2050 target. The Beetaloo Sub-basin, 500 km southeast of Darwin, covers 28,000 square kilometres and is estimated to contain 500 trillion cubic feet of gas (P50 gas-in-place resource as estimated by industry). That estimate is just for the Velkerri B layer and does not include other known gas-bearing geological layers. The highly prospective multi-stacked shale gas resources of the Beetaloo Sub-basin are being compared to the productive Marcellus Basin in the northeast United States, and it continues to build a reputation as the next Tier One gas asset worldwide. #Beetaloo #NorthernTerritory

David Flumiani

Business Manager SA/NT at BOC South Pacific

3mo

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