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0.00767441860465129 -0.0272093023255813 -0.0279069767441859 -0.0279069767441859 0.0174418604651163 0.000116279069767501 -0.011046511627907 0.0172093023255814
Stock impact report

Tamboran Farmout Pilot Area and BCDA Acreage for Significant Premium in Acreage Value

Tamboran Resources Corporation Common stock (TBN) 
Company Research Source: Business Wire
HighlightsTamboran Resources and Formentera Partners (Formentera), the owner of Daly Waters Energy, LP (DWE), have executed a Farm-in Agreement (Farm-in Agreement) to advance development of the Beetaloo Basin in Australia’s Northern Territory.Under the Farm-in Agreement, Tamboran will farm down approximately 10,000 acres of its working interest across the Shenandoah North Pilot Area and the Shenandoah South Pilot Area (collectively the Pilot Area) and the Beetaloo Central Development Area (BCDA) to DWE.The Farm-in Agreement provides for a staged earn-in, up to ~US$28.5 million, subject to structured off-ramp provisions.The agreement follows DWE announcing a strategic joint venture with INPEX Corporation (JPX: 1605, market capitalization of US$35 billion) (INPEX), Japan’s largest E&P and operator of the 8.9 MTPA (~1.2 Bcf/d) Ichthys LNG project in Darwin.The transaction recognizes the value premium that can be realised on Beetaloo acreage as it is defined and matured, like the Pilot Ar Show less Read more
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