Tamboran reports record Beetaloo flow rates, starts largest drilling program, gains gas sale approvals

Tamboran Resources Corp

Record IP90 flow rate of 6.7 MMcf/d from SS-2H ST1; IP30 7.2 MMcf/d; flow increased 2% over last 30 days.
Commenced largest Beetaloo drilling campaign: three 10,000-ft horizontal wells; SS-4H and SS-5H reached TD.
Received Native Title Holder and NTG approval to sell appraisal gas; first approval under BUG legislation.
Cash balance US$45.2M, no debt; completed US$55.4M PIPE offering.
Dick Stoneburner appointed interim CEO; Scott Sheffield and Phillip Pace appointed Non-Executive Directors.

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