Is the Beetaloo about to boom? Tamboran arrives upon positive FID for largely untapped NT gasfield

Core Viewpoint - Tamboran Resources has achieved a positive Final Investment Decision (FID) for its Shenandoah South Pilot Project in the Northern Territory, part of the Beetaloo Joint Venture, which includes APA Group [1][2] Company Developments - The Shenandoah project is seen as a precursor to larger developments in the Beetaloo basin, which is believed to hold significant gas reserves, aiming to supply the east coast gas market [2] - Initial gas sales from the project are expected to commence by mid-2026, with drilling operations progressing smoothly and completion anticipated in early Q4 2025 [5] Market Context - Analysts predict that the East Coast gas market will face shortages by 2026, necessitating imports from Asia, highlighting the importance of Tamboran's project [3] - Despite a 25% increase in one-year returns, investor enthusiasm appears muted, as indicated by trading volumes of $870K prior to the announcement [3][4] Management Insights - Tamboran's management expressed satisfaction with the current progress of drilling operations and the timeline for gas sales [5]