3rd pick for 2025
TBN (listed in US with 200-1 CDI’s on asx) is a major holder and developer of the Beetaloo Basin, “one of the largest undeveloped gas resources in the world”
As above, the previous NT labor Gov gave them major project status, the current Gov also approves.
Agreements in place with APA for pipe connection.
They are about to start the 30 day tests on the 2 recently completed wells.
They are forecasting a 3 stage development.
1st stage, supply Darwin with gas because of this situation –
2nd stage, supply East coast with gas because of this situation –
3rd stage is an export terminal.
It’s an expensive drawn out business with plenty of operational risks and there may be more court challenges ahead, but I think most east coast politicians would find this project more palatable than one in their own backyards.
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