My best guess is an IP 30 the end of this month for the side track well judging by the satellite images.
On my calculations, if you just count Tamboran’s 387,500 acres of the Tier 1 land ( 1 million acres) that has a depth of over 2500 meters the current market cap values the potential gas at 3 cents a GJ. Although I struggle with all the zeros.
When BG took over QGC in 2009 at the height of the GFC they paid 80 cents a GJ. Long term there appears to be plenty of upside if reserves are established.
Downside is disappointing flow tests and possible dilution.
GLTHA
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $258.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 20.5¢ | 18.5¢ | $674.6K | 3.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 111666 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 232980 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| TBN (ASX) Chart |