Tamboran Resources announced that its Beetaloo Joint Venture (BJV) has reached a Final Investment Decision (FID) for the Shenandoah South pilot project and that it has acquired Falcon Oil and Gas, while the NT Government announced that taxpayers will underwrite $75 million of a $180 million loan for a new compression facility to bring Beetaloo gas to market.

The FID follows essential stakeholder approvals from Native Title Holders, the Northern Land Council, and the NT Government, each of which is crucial for initiating sales of appraisal gas under the Beneficial Use of Gas (BUG) legislation, Tamboran said.

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