Tamboran Resources

About

Founded in 2009, Tamboran Resources Limited is a public unlisted oil and gas company focused on developing early stage, top-decile unconventional gas reserves in the Australian Northern Territory. Holding a premium acreage in the highly prospective Beetaloo/McArthur basin, Tamboran is strategically positioned to rapidly commercialise these reserves as a feed supplier to existing Australian LNG plants, as well as addressing the domestic energy shortfall.

The exceptional nature of this discovery has the potential to elevate Tamboran to be one of the “Top 5” exploration and production (E&P) companies in Australia, delivering exceptional returns to our shareholders.

Tamboran Resources Limited is  headquartered in Sydney, Australia with a global management team leveraging a significant depth of experience in the successful commercialisation of unconventional oil and gas throughout North America. The team brings a wealth of knowledge, including modern shale reservoir assessment, as well as cutting-edge drilling and frack completion design technology.

Board of Directors and Management

Tamboran’s Board and Management have been highly successful in early-stage exploration and production development in North America and a technical team with an average of over two decades’ experience, primarily in the evaluation of key North American unconventional basins.

Mr. Patrick Elliott

Chairman

Mr. Elliott established Tamboran in 2009 and is the Company’s Chairman. He is formerly the founder and Director of Eastern Star Gas and SAPEX Limited, both highest successful oil and gas exploration ventures in Australia. He also served as Chairman of Meerkat Energy Pty Ltd and Managing Director at Gold Fields Morgan Grenfell.
Mr Elliott holds a Bachelor of Commerce (Accounting and Financial Systems) from the University of New South Wales and a M.B.A. (Mineral Economics) from Macquarie University.

Mr. Joel Riddle

Managing Director & Chief Executive Officer

Mr Riddle joined Tamboran Resources as Chief Executive Officer in 2013. He has more than 17 years’ experience in the upstream oil and gas industry and was previously with Cobalt International Energy, where he worked closely with executive management in the initial evaluation and implementation of the exploration growth strategy in the Gulf of Mexico and West Africa, playing an instrumental role in Cobalt’s $1 billion initial public offering in 2009 and subsequent capital raising efforts in 2010 and 2011.
Mr Riddle also served various technical and leadership roles at ExxonMobil, Unocal and Murphy Oil. Mr Riddle holds a Bachelor of Science with Honors in Mechanical Engineering from the University of Florida and a Master of Business Administration from the University of Chicago.

Mr. Dick Stoneburner

Director (Non-Executive)

Mr. Stoneburner agreed to join the Board of Tamboran as a Non-Executive Director in September 2014. He has 35-plus years’ experience in petroleum geology. He is a former co-founder, President and Chief Operating Officer of Petrohawk Energy Corporation and President – North America Shale Production Division for BHP Billiton Petroleum. Prior to co-founding Petrohawk, Mr. Stoneburner was Vice President, Exploration, for 3Tec Energy Corporation and worked for several E&P companies, including Hugoton Energy Corporation, W/E Energy Company, Stoneburner Exploration Inc and Texas Oil & Gas.
Mr. Stoneburner has a Bachelor of Science (Geological Sciences) from the University of Texas, a Masters of Science (Geology) from Wichita State University and has most recently been a member of the American Association of Petroleum Geologist’s Distinguished Lecturer Series, 2013. He is currently a director of a number of oil and gas exploration and production companies.

Mr. Fred Barrett

Director (Non-Executive)

Mr. Barrett agreed to join the Board of Tamboran as a Non-Executive Director in September 2014. He is an oil and gas professional and entrepreneur who recently retired from Bill Barrett Corporation, an exploration and production company he helped found in 2002 and which is listed on the New York Stock Exchange. Mr. Barrett spent 12 years at Bill Barrett Corporation where he was instrumental in its growth into a 300+ employee organization and its successful float on the NYSE. He acted as President and as an executive director of the Company through 2006, and CEO, Chairman of the Board and President from 2006 to 2013. Mr. Barrett has extensive technical and geological expertise in unconventional resources and a deep commercial understanding of the shale gas industry. He has a Bachelor of Science (Geological Sciences) from Ft Lewis College, a Masters of Science (Geological and Earth Sciences/Geosciences) from Kansas State University and an Advanced Management Degree from Harvard Business School. Mr. Barrett has previously worked for The Williams Companies, Barrett Resources and Terred Oil.

Dr. David King

Director (Non-Executive)

Dr. King joined Tamboran as a non-executive Director in 2009. He is formerly the founder and non-executive Director of Sapex Ltd, Eastern Star Gas Ltd and Gas2Grid Ltd and served as the CEO of Beach Petroleum, Claremont Petroleum and Managing Director of North Flinders Mines Ltd.
Dr. King is currently the Non-Executive Chairman of Robust Resources Ltd. Dr King has held a number of executive and non-executive directorships since 1988 and was a Senior Research Fellow at the Department of Geology & Geophysics at the University of Sydney.

Dr. Stuart Lake

Director (Non-Executive)

Dr. Stuart Lake agreed to join the Board of Tamboran as a Non-Executive Director in September 2014. He has over 28 years’ international experience in a wide variety of roles including the Hess Corporation, four years at the Apache Corporation and over 19 years in Shell. He is currently the Chief Executive Officer for African Petroleum Limited, which holds a large operated acreage position in a number of countries across West Africa.
Dr. Lake has demonstrated himself to be a proven oil finder, maintaining a high 85% geological success rate in all three companies, based on drilling over 300 wells in 11 countries over his 27 year career. He has a BSc Hons in Geology from the University of Wales and a PhD in Geology from the University of Durham, England. Dr. Lake also remains on the Advisory Board of the Energy and Geoscience Institute (E.G.I.) at the University of Utah.

Mr. Dan Chandra

Director (Non-Executive)

Mr. Chandra joined the board in April 2019. Dan is currently a senior investment professional at Lion Point Capital, a value-focused investment fund based in New York City. He has over seventeen years of investing experience across a range of industries and in equity, credit, and distressed debt. Dan previously worked as a senior analyst and portfolio manager at DW Partners and at DW predecessor Brevan Howard. Dan received an AB in Economics from Stanford University and a Master of Business Administration from The Wharton School, University of Pennsylvania.

Mrs. Joanna Morbey

Company Secretary B.Comm (UNSW) CA

Mrs Morbey is a member of the Institute of Chartered Accountants Australia and New Zealand has over 30 years’ experience in accounting and company secretarial duties in the investment banking, property development and mineral exploration industries.

Our Strategic Advantage

  1. Prime Location & World-class Asset

    Tamboran’s primary asset is a highly prospective 1.4 million net acres in the Beetaloo/McArthur basin, the ‘play opening’ Tanumbrini well, was appraised by the late Aubery McClendon as the “best shale well he has ever seen.”  

    Beetaloo/McArthur Basin is one of the most active E&P areas in Australia, with significant appraisal drilling and investment in the last 18 months.

  2. An expert North American-led team with a proven track record.

    Tamboran Directors are widely known to be leading pioneers of North American unconventional resources, having led the initial development of multiple prolific US oil and gas unconventional resource plays, including the Duvernay, Eagle Ford, Marcellus, Montney, Woodford, Fayetteville and Haynesville. This collective expertise is a critical advantage in optimising the successful commercialisation of an early stage basin.

  3. Partnered with Blue Chip Investors

    Tamboran is uniquely positioned in the basin, by having partnered with Blue Chip U.S capital ensuring a stable funding base for value realising work programs. Tamboran is proudly associated with investment and thought leaders, Baupost Group and Lion Point Capital.

     

Blue Sky Thinking

Tamboran believes in “Blue Sky Thinking”. This is reflected in their expansive vision, bringing together the best minds, technology & capital to create energy solutions for tomorrow’s world. This principle is reflected throughout the company’s brand identity and presence.