Tamboran and Liberty Energy Forge Strategic Partnership

Tamboran Resources Corporation (ASX: TBN) has formed a Strategic Partnership with Liberty Energy, securing a US$10 million equity investment. Liberty, a prominent North American energy services firm, plans to introduce a modern frac fleet to the Beetaloo Basin in 2024. This move supports Tamboran's Shenandoah South Pilot Project, aiming for 40 million cubic feet per day production by 2026.

The collaboration aims to enhance operational efficiency and reduce costs by delivering a dedicated frac fleet and crew in 2024. Additionally, Tamboran and Liberty will collaborate on implementing advanced sand mining solutions in the Beetaloo Basin. Tamboran, through its subsidiary Tamboran Infrastructure, seeks 14 mineral exploration licenses to extract frac sand. The Strategic Partnership and local sand mining anticipate substantial reductions in stimulation costs for future development initiatives.

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