Tamboran Resource’s long-serving CEO and managing director Joel Riddle has suddenly “stepped down” from his roles, the company said in a surprise announcement on Monday, with the chair of the board appointed interim CEO amid reported financial problems and other challenges facing the company.

Tamboran chairman and interim chief executive officer Dick Stoneburner said in a statement that despite the personnel changes, which also include a board shakeup, the company is committed to developing its holdings in the Beetaloo sub-basin region and meeting its obligations to deliver gas to the NT Government.

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