Tamboran Resources Corporation secures deal with Native Title Holders and NLC to sell appraisal gas in Beetaloo Basin

Tamboran Resources Corporation (TBN) has secured an agreement with Native Title Holders and the Northern Land Council (NLC) to sell appraisal gas from its Shenandoah South Pilot in the Beetaloo Basin. The deal is expected to meet Australia's domestic energy needs for over 200 years and create jobs and economic growth in the Northern Territory. The NLC will administer the agreement to ensure TBN meets its obligations.

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In a significant move for Australia's energy landscape, Tamboran Resources Corporation (TBN) has secured an agreement with Native Title Holders and the Northern Land Council (NLC) to sell appraisal gas from its Shenandoah South Pilot in the Beetaloo Basin. The deal is expected to meet Australia's domestic energy needs for over 200 years and create jobs and economic growth in the Northern Territory. The NLC will administer the agreement to ensure TBN meets its obligations [1].

The agreement, which was reached on August 14, 2025, provides Native Title Holders' consent to the sale of appraisal gas from Exploration Permits (EP) 98 and 117 of up to 60 TJ per day from the proposed Shenandoah South Pilot Project over a three-year period. The Beetaloo JV partners, which include Falcon Oil & Gas Australia Limited and Tamboran Resources Corporation, will now focus on securing necessary approvals to support longer-term production [1].

The agreement is subject to approval by the Northern Territory Minister for Mining and Energy. Philip O’Quigley, CEO of Falcon Oil & Gas Ltd, commented, "This is a significant development for our operator Tamboran B2, being the first operator in the Beetaloo Basin to secure Native Title Holder approval to sell gas under the legislated appraisal framework. We would like to join Tamboran Resources Corporation in thanking the Native Title Holders and the Northern Land Council for their support in reaching a positive outcome with this significant agreement and for their vision and support" [1].

The Beetaloo JV partners have contracted an initial 40 million cubic feet per day (MMcf/d) to supply the Northern Territory Government until mid-2041, which is expected to provide energy security for the Northern Territory. Commencement of gas sales to the Northern Territory Government via the Sturt Plateau Compression Facility is expected in mid-2026, subject to weather conditions and final stakeholder approvals [1].

The Beetaloo JV partners maintain strong working relationships with the Native Title Holders across EP98 and EP117. They plan to continue delivering financial benefits, training, employment, and contracting opportunities to the Native Title Holders and the local community. The Agreement ensures that the development of the Beetaloo sub-basin is a genuine partnership that represents significant and long-term economic and social benefits to all parties [1].

References:

[1] https://www.globenewswire.com/news-release/2025/08/14/3133170/0/en/Falcon-Oil-Gas-Ltd-Native-Title-holder-approval-obtained-to-sell-gas-under-Beneficial-Use-of-Gas-legislation.html