Tamboran strikes out on its own in the Beetaloo
The Northern Territory blocks share characteristics with the US Marcellus play and could become a major supplier to the gas-hungry east coast market
Independent developer Tamboran Resources is preparing to forge its own path in the promising Beetaloo sub-basin’s shale plays once its acquisition of explorer Sweetpea Petroleum closes. Northern Territory-focused Tamboran has set its sights on Sweetpea’s wholly owned and operated exploration permit (EP) 136, which straddles what CEO Joel Riddle dubs the “core Beetaloo”, an area of the basin analogous with the most productive zones in the US’ Marcellus shale play. Riddle tells Petroleum Economist that the block, given its close proximity to several other promising plays, could turn Tamboran into a major supplier of gas to the east coast market within the next five years—just in time to feed t
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