Tamboran Resources shares rise 4.42% intraday after securing NTG approval for gas sales.

Tamboran Resources Corporation rose 4.42% in intraday trading, following the announcement that the company has secured approval from the Northern Territory Government to sell gas under the BUG legislation. This approval allows Tamboran to sell gas to the NTG under a long-term GSA, enhancing energy security for Territorians. The BUG legislation enables gas volumes to be sold during the exploration and appraisal phase, which would have historically been flared on site.