Tamboran Resources Corporation (TBN) Signs Agreement With Native Title Holders and NLC To Sell Appraisal Gas From Shenandoah South Pilot in Beetaloo Basin

Tamboran Resources Corporation (NYSE:TBN) is among the 12 Best Australian Stocks to Buy Right Now. According to reports on Sky News, the company has secured a vital agreement with Native Title Holders and Northern Land Council (NLC) to sell appraisal gas from its Shenandoah South Pilot in the Beetaloo Basin.

Tamboran Resources Corporation (TBN) Signs Agreement With Native Title Holders and NLC To Sell Appraisal Gas From Shenandoah South Pilot in Beetaloo Basin

An industrial facility emitting natural gas from large pipes, with workers in the foreground.

The gas field, located about 500 km south of Darwin, is roughly the size of Belgium. Analysts believe the historic agreement is expected to help meet Australia’s domestic energy needs for well over 200 years.

The NLC has described the deal with Tamboran Resources Corporation (NYSE:TBN) as significant for economic growth in the Northern Territory and added that it would help administer the agreement to ensure the company meets its obligations.

“The NLC supports the native title holders’ decision to negotiate with Tamboran and supports the outcomes of the negotiations. This agreement means jobs and money for native title holders. The NLC will continue to help to administer the agreement on behalf of native title holders to make sure Tamboran meets its obligations in the Agreement.”

Tamboran Resources Corporation (NYSE:TBN) is a natural gas company focused on the development of unconventional gas resources in Australia’s Northern Territory.

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