BUZZ-Australia's Tamboran rises on Santos deal to expand Darwin LNG project

Reuters

01-23

BUZZ-Australia's Tamboran rises on Santos deal to expand Darwin LNG project

** Tamboran Resources TBN.AX rises 6.3% to A$0.17; set for biggest intraday pct gain since Jan. 10, 2025

** Natural gas firm signs MoU with Australia's no.2 oil and gas explorer Santos STO.AX for studies to expand the Darwin LNG project in the country's Beetaloo basin

** Study will evaluate options to supply natural gas to potentially expanded DLNG facility

** Santos operates the existing DLNG project with a 43.4% working interest

** TBN gains 17.2% YTD after losing ~36% in 2024

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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