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Tamboran Appoints Board Chairman Dick Stoneburner as Interim CEO

1. Tamboran is committed to completing five gas wells tie-in project. 2. These wells aim to fulfill a 40 MMcf/d gas agreement with the government.

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Why Bullish?

The ongoing project signifies operational progress, which can positively influence investor sentiment. Similar instances in the energy sector have led to price increases when projects are advanced successfully.

How important is it?

The announcement directly impacts TBN's operational capacity and future revenue, indicating its significance. Strategic expansions and successful project completions are crucial for sustained growth and investor confidence.

Why Long Term?

Completion of gas tie-in will create stable revenue streams over time, positively affecting long-term stock performance. Successful project executions generally lead to sustained price growth.

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NTGAPAWDS
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN): Tamboran Resources Corporation Chairman, Dick Stoneburner, said: “Tamboran remains committed to completing the tie-in of the five wells on the Shenandoah South 2 pad that are planned to deliver gas into the Sturt Plateau Compression Facility (SPCF) and feed into the 40 MMcf/d Gas Sales Agreement with the Northern Territory Government. We remain focused on unlocking the significant value that we believe the developm.

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