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Tamboran Secures US$55.4M to Power Beetaloo Gas Drilling Push
2:36am on Monday 2nd of June, 2025 AEST
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Energy
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Tamboran Secures US$55.4M to Power Beetaloo Gas Drilling Push
2:36am on Monday 2nd of June, 2025 AEST
Key Points
US$55.4 million PIPE at US$17.74 per share with 15% discount
Initial US$44.4 million tranche closing May 16, 2025
Funds to drill three remaining wells for Shenandoah South Pilot Project
Target plateau production of ~40 MMcf/d (19 MMcf/d net to Tamboran)
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