Stocks of the Hour: Osteopore, Augustus Minerals, Tamboran Resources
A snapshot of the stocks on the move, featuring Osteopore (ASX:OSX), Augustus Minerals (ASX:AUG) and Tamboran Resources (ASX:TBN).
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Tamboran Resources Corporation, through its subsidiaries, is the largest acreage holder and operator with approximately 1.9 million net prospective acres in the Beetaloo Subbasin within the Greater McArthur Basin in the Northern Territory of Australia.
The Company is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing a significant natural gas resource within the basin.
Tamboran’s key assets include a 38.75% working interest and operatorship in EPs 98, 117 and 76, a 100% working interest and operatorship in EP 136 and a 25% non-operated working interest in EP 161, which are all located in the Beetaloo Basin.
Tamboran will focus on the proposed Shenandoah South Pilot Project, where Tamboran has a 47.5% working interest and is targeting first gas flows in H1 2026, and the proposed Northern Territory LNG (NTLNG) development at Middle Arm in Darwin, targeting gas production for NTLNG by the end of 2030.
A snapshot of the stocks on the move, featuring Osteopore (ASX:OSX), Augustus Minerals (ASX:AUG) and Tamboran Resources (ASX:TBN).
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A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Oar Resources (ASX:OAR) and Enova Mining (ASX:ENV).
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A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Adbri (ASX:ABC) and Cauldron Energy (ASX:CXU).
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A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Allkem Limited (ASX:AKE) and Global Uranium and Enrichment (ASX:GUE).
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A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Invictus Energy (ASX:IVZ), Blaze Minerals (ASX:BLZ) and Elixir Energy (ASX:EXR).
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Oil and gas tycoon Bryan Sheffield has significantly expanded his investment in the Australian gas sector, elevating his stake in the emerging gas player Empire Energy (ASX:EEG) to over 5% overnight.
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Paul Sanger, a distinguished correspondent from Finance News Network, delves meticulously into the intricacies of the Beetaloo Basin. Engaging in insightful conversations with prominent figures such as the Deputy Minister, a distinguished representative of the Northern Territory Government, and reputable exploration drilling companies. Sanger orchestrates a comprehensive exploration of the pivotal factors shaping the landscape of this significant geological domain.
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A special webinar will take place on Wednesday 15 November 2023 to delve into the world-class gas resource in the Beetaloo Sub-basin in the Northern Territory. This event will provide insights into the potential of the Beetaloo and its significance on both a regional and global scale.
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Exxon Mobil's monumental $US59.5 billion ($93 billion) acquisition of Pioneer Natural Resources, marking the largest energy deal in the United States in decades, is poised to herald a new era of transformative takeovers within the industry.
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At the end of the trading day, the S&P/ASX 200 experienced a decline of 1.29 per cent, closing at 7,354.70. This drop was attributed to market nerves exacerbated by the downgrading of the US sovereign rating.
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At noon, the S&P/ASX 200 is 0.7% lower at 7,398. According to UBS analysts, Suncorp (ASX:SUN), Hub24 (ASX:HUB), GQG Partners, and Magellan (ASX:MFG) are potential sources of upside in the upcoming reporting season.
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Tamboran Resources (ASX:TBN), a leading gas exploration company based in Australia, has released its fourth-quarter activities report for the period ending on June 30, 2023.
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At the closing bell, the S&P/ASX 200 was 0.46 per cent higher at 7,339.70.
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Mining giant Fortescue (ASX:FMG), led by executive chairman Andrew Forrest, saw a nearly 4% increase in shares on the ASX 200 index as he promoted his green hydrogen initiative in the US and inspected Austal's shipyards. The Forrests' private investment vehicle, Tattarang, holds a 19% stake in Austal, which recently entered a trading halt, attracting interest from North American suitors due to its US Navy contracts.
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At noon, the S&P/ASX 200 is 0.14 per cent higher at 7,324. Suncorp has confirmed that the Australian Competition & Consumer Commission (ACCC) has requested additional time to review ANZ's merger with Suncorp.
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