Tamboran Resources Corporation (TBN) announced that first gas sales from its Shenandoah South Pilot Project in Australia's Beetaloo Basin are imminent, marking the company's transition to a gas producer. The update was provided in an investor presentation, highlighting that the Sturt Plateau Compression Facility (SPCF) has completed construction and is undergoing commissioning.

Key Details

  • First Gas Sales: The company is on track to commence gas sales to the Northern Territory Government in Q3 2026 under a binding take-or-pay contract.
  • Production Volume: The pilot project will deliver an initial volume of approximately 40 terajoules per day (TJ/d) (gross).
  • Key Infrastructure: The Sturt Plateau Compression Facility (SPCF), which will process the gas, was built with a gross P50 capital expenditure of US$99 million and is now in the commissioning phase ahead of imminent sales.