secwatch.observer — SEC 8-K summary
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Issuer:     Tamboran Resources Corp (TBN)
CIK:        0001997652
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001628280-25-005130
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tamboran drills two Beetaloo wells; signs APA pipeline deal; US$59.4M cash
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- SS-2H ST1 and SS-3H wells drilled; SS-3H set 10,000-ft horizontal section, 43% faster than prior well.
- SS-2H ST1 completed 35 stimulation stages with record 2,706 lb/ft proppant intensity; IP30 expected April 2025.
- SS-3H stimulation paused due to casing stress; reinforcement in Q1, restimulation in Q2 with IP30 mid-2025.
- Binding agreements with APA to build/operate Sturt Plateau Pipeline; long-lead items secured for 1H 2026 gas delivery.
- Secured US$23M line of credit from Macquarie; cash balance US$59.4M, no debt; MOU with Santos for DLNG expansion studies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997652/000162828025005130/0001628280-25-005130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997652/000162828025005130/trc-20250212.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-005130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer