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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.