Tamboran delivers first Beetaloo gas sales worth US$1.8M
Key points
- Tamboran Resources delivered its first Beetaloo Basin gas sales of 0.31 Bcf, generating US$1.8 million in quarterly revenue.
- Quarterly cash reserves fell 27% from the prior quarter to US$165 million, while EBITDAX losses widened to US$14.5 million.
- The company plans to stimulate three newly drilled wells in the fourth quarter of 2026 to boost future gas production.
Tamboran Resources (ASX:TBN) and partner Daly Waters Energy became the first companies to sell Beetaloo Basin gas, generating US$1.8 million in revenue.
This marks the company's first gas production of 0.31 Bcf, up from zero sales in both the previous quarter and last year.
The company completed a three-well drilling programme using a Helmerich & Payne (NYSE:HP) rig and plans Liberty Energy (NYSE:LBRT) stimulation in late 2026.
Tamboran held US$180 million in total cash and near-term inflows at quarter-end, alongside US$37 million in net drawn debt.
Following the announcement, the Tamboran Resources share price was up at $0.21.
Tamboran is developing natural gas resources in Australia's Northern Territory after completing its acquisition of Falcon Oil & Gas subsidiaries in May 2026.
The company recently commenced commissioning at its processing facility, appointed Todd Abbott as managing director, and holds a 25% interest in a Santos (ASX:STO) programme.
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