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Tamboran Resources: Receives govt. approval for EP136 drilling | Fintech InShorts: Latest fintech news, analysis by experts

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Tamboran Resources: Receives govt. approval for EP136 drilling

By Steve Sam

August 13, 2022

Tamboran Resources Receives govt. approval for EP136 drilling

Tamboran Resources (TBN) has been given the green light to drill up to seven wells within its EP136 permit in the Northern Territory
The NT Government approved the company’s environmental management plan which is the final approval required for it to proceed with drilling
The first well, Maverick 1H, is expected to spud in early September and will be followed by the Maverick 2H and 3H wells
The company says the three wells have potential to deliver 2C contingent gas resources of one trillion cubic feet
TBN is down 4.55 per cent and trading at 21 cents at 3:41 pm AEST

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