Tamboran Resources Ltd
ASX:TBN

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Tamboran Resources Ltd Logo
Tamboran Resources Ltd
ASX:TBN
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Price: 0.195 AUD -2.5% Market Closed
Market Cap: 526.8m AUD

Tamboran Resources Ltd
Investor Relations

Tamboran Resources Ltd. operates as an exploration company for oil and gas resources. The principal activities of the Company focus on shale gas exploration in onshore basins in the Northern Territory of Australia. The firm is engaged in developing early-stage, low carbon dioxide (CO2) natural gas resources within its portfolio. Its portfolio consists of EP 136, EP 143, EP 161 and EP(A) 197. The basin is located in the Beetaloo Sub-basin in the Northern Territory of Australia, approximately 600 kilometers (kms) south of Darwin. The firm's wholly owned subsidiary includes Sweetpea Petroleum Pty Ltd.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Feb 12, 2025
AI Summary
Q2 2025

Drilling Performance: Tamboran set a Beetaloo Basin record by drilling the SS-3 well at 840 feet per day and completed it 43% faster than the previous well, SS-2.

Flow Test Targets: The company aims for IP30 flow test results of over 10.7 million cubic feet per day from SS-2 in April and over 19 million cubic feet per day from SS-3 in June.

Cost Reduction: Drilling cost for SS-3 was about $10 million, with further reductions expected in future wells due to local sand sourcing and operational efficiencies.

Project Timeline: The Shenandoah South pilot project is on track for first gas in the first half of 2026, supported by a 15-year, 40 million cubic feet per day sales agreement.

Cash Position: Tamboran ended the quarter with $59.4 million in cash, including a $6.2 million R&D grant, and is fully funded for upcoming well tests.

Strategic Progress: Signed agreements for a pipeline with APA Group, pursued a data center supply strategy, and entered an MOU with Santos for LNG expansion studies.

Key Financials
Cash Balance
$59.4 million
R&D Grant Received
$6.2 million
Drilling Cost for SS-3
$10 million
All-in Drilling and Completion Cost (per well, current)
$25 million
SS-2 IP30 Flow Rate Target
over 10.7 million cubic feet per day
SS-3 IP30 Flow Rate Target
over 19 million cubic feet per day
Pipeline Capacity (Pilot Project)
40 million cubic feet per day
First Gas Delivery Timeline
First half of 2026
SS-2 Completion Proppant Intensity
2,700 pounds per foot
SS-3 Completion Planned Proppant Intensity
greater than 2,800 pounds per foot
Earnings Call Recording
Other Earnings Calls
2024

Management

Mr. Joel Riddle
CEO, MD & Director
No Bio Available
Mr. Eric Dyer
Chief Financial Officer
No Bio Available
Mr. Faron J. Thibodeaux
Chief Operating Officer
No Bio Available
Mr. Chris Morbey
Vice President of Investor Relations
No Bio Available
Mr. Mike Flynn
Executive Vice President of Gas Marketing
No Bio Available
Mr. Michael Irving
Executive Vice President of New Ventures & Infrastructure
No Bio Available
Mr. Rohan Vardaro
Company Secretary
No Bio Available

Contacts

Address
NEW SOUTH WALES
10-112 The Corso, Manly
Contacts
+61283306626.0
www.tamboran.com