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Beetaloo Basin Development Farm-in Agreement

Sector: Natural Gas • Location: Northern Territory, Australia

Source: Yahoo Finance

Project
Planned

Tamboran Resources Corporation and Formentera Partners have executed a Farm-in Agreement to advance development of the Beetaloo Basin in Australia's Northern Territory. Tamboran will farm down approximately 10,000 acres of its working interest across the Shenandoah North and South Pilot Areas and the Beetaloo Central Development Area (BCDA) to Daly Waters Energy, LP (DWE). The agreement includes a

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The project “Beetaloo Basin Development Farm-in Agreement” is an infrastructure initiative in the Natural Gas sector, located in Northern Territory, Australia. Taiyo aggregates data on it from Yahoo Finance.

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Participants

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planned

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Description

Description

Tamboran Resources Corporation and Formentera Partners have executed a Farm-in Agreement to advance development of the Beetaloo Basin in Australia's Northern Territory. Tamboran will farm down approximately 10,000 acres of its working interest across the Shenandoah North and South Pilot Areas and the Beetaloo Central Development Area (BCDA) to Daly Waters Energy, LP (DWE). The agreement includes a staged earn-in up to approximately US$28.5 million, subject to structured off-ramp provisions, and is part of a strategic joint venture involving INPEX Corporation. Completion is subject to conditions precedent including the farm-in between DWE and INPEX and closure of Tamboran's Falcon acquisition.

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High

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Source

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URL

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