Tamboran strengthens leadership ahead of Beetaloo shale drilling


As Tamboran prepares to drill its wholly-owned Maverick-1H gas well in 2022, the company has strengthened its management team with three new executives.

The company has appointed Dr. David Close as Vice President – Operations and External Affairs, Chris Morbey as Vice President – Investor Relations and Petra Fagerstrom as General Counsel.

Managing Director Joel Riddle said each of the three new leaders will bring unique skills and considerable energy experience to implement Tamboran Resources (ASX: TBN) strategy of being the first to commercialize the central area of ​​the sub-basin. of Beetaloo in the Northern Territory. .

Dr Close has over 20 years of experience in the energy industry and most recently was the Managing Director of New Onshore Companies at Santos.

He has already worked in several unconventional plays in North America and has extensive experience in Australia, including nearly a decade in the Beetaloo.

Morbey joins the company from Beach Energy where he was responsible for investor relations.

His previous experience includes Investor Relations at Oil Search, Equity Research at Macquarie Bank and Business Development at Drillsearch Energy.

Fagerstrom has over 20 years of international legal experience and has held senior legal positions for Alinta Energy, AWE, Kuwait Foreign Petroleum Exploration Company and Halliburton.

Beetaloo shale gas

Tamboran and its operating partner in EP 161, Santos, recently began fracture stimulation in the Tanumbirini 2H and 3H wells which will allow the joint venture to test their ability to produce gas.

Each of these wells will have approximately 10 fracture stimulation steps performed through their horizontal sections.

Lessons learned from these wells will be applied to the company’s Maverick-1H horizontal well in its 100% owned EP 136 permit next year.

This article was developed in conjunction with Tamboran Resources, a Stockhead advertiser at the time of publication.

This article does not constitute advice on financial products. You should consider getting independent advice before making any financial decisions.

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