SS-2H ST1 Delivers Record Beetaloo Basin IP90 Flow Rate, Maintaining Stable Gas Rate Over the Final 30-day Period

Written by Emily J. Thompson, Senior Investment Analyst

TBN-0.53%

Source: Businesswire

Updated: Aug 11 2025

4mins

Source: Businesswire

Well Performance: Tamboran Resources Corporation reported that its SS-2H ST1 well achieved an impressive average IP90 flow rate of 6.7 MMcf/d, indicating strong performance and potential in the Velkerri B Shale following a successful 35-stage stimulation program.
Future Development Plans: The company is preparing to stimulate a 10,000-foot horizontal section in the Shenandoah South area by year-end, aiming to address the anticipated gas shortfall in the East Coast market while progressing on developing approximately 400,000 acres surrounding the area.

TBN.N

$30.010+36.471%Past 6 months

Line

Candle

YTD

Intellectia

Analyst Views on TBN

Wall Street analysts forecast TBN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TBN is 35.67 USD with a low forecast of 30.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Analyst Rating

18.23% Upside

2 Buy

1 Hold

0 Sell

Moderate Buy

18.23% Upside

Current: 30.170

Low

30.00

Averages

35.67

High

41.00

18.23% Upside

Current: 30.170

Low

30.00

Averages

35.67

High

41.00

RBC Capital

Sector Perform

downgrade

$31 -> $30

2025-07-09

Reason

RBC Capital

Price Target

$31 -> $30

2025-07-09

downgrade

Sector Perform

Reason

RBC Capital lowered the firm's price target on Tamboran Resources to $30 from $31 and keeps a Sector Perform rating on the shares. The company's Q4 earnings in September should come with little fanfare given upcoming news flow as the management plans to provide IP60 & IP90 production data from Tamboran's first 'modern' completion over the next 45 days, the analyst tells investors in a research note.

Northland

Jeff Grampp

Outperform

initiated

$36

2025-05-28

Reason

Northland

Jeff Grampp

Price Target

$36

2025-05-28

initiated

Outperform

Reason

Northland analyst Jeff Grampp initiated coverage of Tamboran Resources with an Outperform rating and $36 price target.

Northland

Outperform

initiated

$36

2025-05-28

Reason

Northland

Price Target

$36

2025-05-28

initiated

Outperform

Reason

As previously reported, Northland initiated coverage of Tamboran Resources with an Outperform rating and $36 price target. The "pure-play" in Australia's unconventional Beetaloo Basin has assembled "a team of noteworthy U.S. fracking partners," while early results show the potential for the play to rival some of the best U.S. natural gas basins, the analyst tells investors. Characteristics of the Velkerri Shale in the Beetaloo compare favorably with the Marcellus Shale and Tamboran is taking best practices and equipment from the U.S. to develop its acreage, the analyst added.

RBC Capital

Scott Hanold

Hold

Reiterates

$31

2025-01-09

Reason

RBC Capital

Scott Hanold

Price Target

$31

2025-01-09

Reiterates

Hold

Reason

See All Ratings

About TBN

Tamboran Resources Corporation is a natural gas company. The Company is focused on supporting the net-zero carbon dioxide (CO2) energy transition in Australia and Asia-Pacific through developing low CO2 unconventional gas resources in the Northern Territory of Australia. It operates approximately 1.9 million net prospective acres in the Beetaloo Sub-basin within the Greater McArthur Basin in the Northern Territory of Australia. The Company has also secured over 420 acres (170 hectares) of land at the Middle Arm Sustainable Development Precinct in Darwin, the location of Tamboran’s proposed Northern Territory LNG (NTLNG) project.

About the author

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Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.