Tamboran (“TBN”) reported CY Q4’25 results, which confirmed continued progress toward first gas sales in Q3’26. The new CEO, Todd Abott, an experienced US shale executive, outlined the learnings from his US experiences that can be taken to the Beetaloo (e.g. working in remote logistically challenged locations or in a new basin) and has a focus on improving the drilling efficiency. The farm-out timeline has been widened to H1’26 from Q1’26 but is still progressing well and we believe there should ....
