Energy sector was the only one staying above water at midday Friday, edging up just 0.01%, as the ASX earlier hit its lowest point in four months, with the S&P/ASX 200 index falling 1.4% to 8,628.8 points.

Tamboran Resources (ASX:TBN) said that after completing the first batch drilling program in the Beetaloo basin in the Northern Territory, with the Shenandoah South 4H, Shenandoah South-5H, and Shenandoah South-6H wells drilled and cemented, the stimulation program of the Shenandoah South-6H well was commenced in early November. The program is targeting up to 60 stages and is expected to conclude by the end of the year.

On the flip side, the information technology sector continued to lead the selloff, plummeting 4%. On Wall Street, the Nasdaq composite index declined over 2%, and both the S&P 500 and the Dow Jones closed 1.7% lower.

Infomedia (ASX:IFM) said McQueen BidCo's proposed acquisition of all Infomedia shares via a scheme of arrangement received a green light from Australia's Foreign Investment Review Board, which satisfies a condition precedent in the scheme implementation agreement. McQueen BidCo is an entity owned by an investment holding entity in Singapore, managed or advised by TPG Capital or its related entities.