secwatch.observer — SEC 8-K summary
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Issuer:     Tamboran Resources Corp (TBN)
CIK:        0001997652
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001997652-24-000003
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tamboran Q1 FY25 ops: cash US$74M, SS-2H sidetrack, on track for IP30 flow tests in 1Q 2025
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- SS-2H well reached 20,669 ft TD but sidetracked due to downhole issue; SS-2H ST1 achieved record drilling rates below Moroak Sandstone.
- SS-3H well to start drilling Nov 2024; both wells to be stimulated with up to 60 stages each using Liberty Energy frac fleet.
- Cash balance US$74.0M at Sept 30, 2024; US$7.6M net from rig sale received in Oct 2024. No debt.
- Awarded Bechtel pre-FEED for NTLNG project; contracted Enscope for Sturt Plateau Compression Facility long lead items.
- IP30 flow tests targeted for 1Q 2025; binding transportation agreements with APA Group for Sturt Plateau Pipeline on track.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997652/000199765224000003/0001997652-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997652/000199765224000003/trc-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001997652-24-000003

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