On May 12, 2025, Tamboran Resources Corporation announced the entry into a Second Amended and Restated Joint Venture and Shareholders Agreement. This agreement involves Tamboran Resources Corporation, TR West, TR Ltd., Daly Waters Energy, LP (DWE), and Tamboran (B1) Pty Ltd, and marks significant developments from the previous agreement dated June 3, 2024. Key changes include the finalization of the checkerboard arrangement of joint acreage across EPs 76, 98, and 117, and the signing of an Asset Sale Agreement. Under this agreement, DWE will acquire a non-operating and non-controlling interest in 100,000 acres for $15 million. This strategic move is expected to enhance the collaborative efforts within the joint venture and optimize resource management across the involved entities.
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