Tamboran Resources Corporation (ASX:TBN) Reaches Final Investment Decision for Shenandoah South Pilot Project
Final Investment Decision
The Beetaloo Joint Venture has made a Final Investment Decision for the Shenandoah South Pilot Project, targeting first gas sales from mid-2026. This follows key agreements with APA Group and SPCF Trust, and approvals from Native Title Holders, the Northern Land Council, and the Northern Territory Government.
Financing and Construction
Tamboran and Daly Waters Infrastructure secured up to A$179.8 million through a three-tranche financing facility for the Sturt Plateau Compression Facility. Tamboran is set to fund upstream drilling and SPCF construction, contingent on well completions and additional funding from recent sales and tax incentives.
Project Timeline
The three-well drilling program is expected to complete in early Q4 2025, followed by the stimulation of the SS-4H well in early 2026. Remaining wells will be stimulated in H1 2026, ahead of gas sales commencement in mid-2026.
Executive Comments
Chairman and Interim CEO Richard Stoneburner stated, “The decision to sanction the Pilot Project is a major milestone in the history of Tamboran Resources, the Beetaloo Basin and the Northern Territory. As Tamboran moves from an explorer to first gas sales, I would like to thank all those who have made this possible…”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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