Tamboran Resources Corporation has announced the completion of a US$15 million acreage sale to Daly Waters Energy, LP (DWE) as part of a checkerboard agreement across the Beetaloo Basin's EPs 76, 98, and 117. This transaction grants DWE a non-operating and non-controlling interest in 100,000 acres within two areas. Upon finalization, Tamboran will retain approximately 1.9 million net prospective, development-ready acres in the Beetaloo Basin. Additionally, Tamboran will have a 58.12% operated interest in the 236,370 net acres over the Phase 2 Development Area, with DWE and Falcon Oil & Gas Australia Limited holding the remaining interests. The company plans to commence a formal farm-down process for this area in June 2025.
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