Tamboran Resources Corporation

Tamboran Resources Corporation announced September 7 that it and Daly Waters Energy, LP had begun gas sales from the Shenandoah South Pilot Project into Australia's Northern Territory network, marking the Beetaloo Basin's first gas sales and moving the project into revenue generation. The Sturt Plateau Compression Facility has a capacity of approximately 48.5 million cubic feet per day, and contracted supply of approximately 38.8 million cubic feet per day is expected by early 2027 under a long-term take-or-pay agreement with the Northern Territory Government, with those figures representing gross project volumes. Commissioning gas receives a discounted price because supply remains interruptible, and the announcement did not quantify initial delivery rates or realized prices. All five wells on the Shenandoah South 2 pad have been drilled, stimulated and connected to the facility, and the gas sales agreement specifies a fixed price with annual adjustments linked to Australia's Consumer Price Index. The processing-facility funding package announced in September 2025 provided up to A$179.8 million through a four-year facility, with 30% amortization and a 70% balloon payment at maturity.