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Tamboran Resources Posts $20M Loss as Beetaloo Exploration Intensifies

9:13am on Thursday 13th of February, 2025 AEDT Energy
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Tamboran Resources Posts $20M Loss as Beetaloo Exploration Intensifies

9:13am on Thursday 13th of February, 2025 AEDT
Key Points
  • Net loss widened to $20.06 million for H1 FY2025 from $9.22 million a year earlier
  • No revenue generated as exploration and appraisal continue in Beetaloo Basin
  • Cash and cash equivalents decreased to $59.4 million from $74.7 million
  • Capital commitments exceed $95 million across exploration, midstream, and joint ventures
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