Tamboran Resources Limited is a public unlisted oil and gas company founded in 2009 and headquartered in Sydney, Australia. Tamboran is focused on exploring for and developing unconventional oil and gas resources in the Northern Territory and other locations in Australia.
Our vision is to be the leading “pure-play” onshore unconventional E&P company in Australia and to deliver extraordinary returns to our shareholders by successfully commercialising multiple discoveries from our highly prospective portfolio. We intend to do this by leveraging our team’s deep North American unconventional oil and gas experience” to drive results through an accelerated learning curve.
Tamboran’s Board and Management have been highly successful in early-stage E&P development in North America and our technical team has an average of 20+ years’ experience, primarily in the evaluation of key North American unconventional basins.
Tamboran is strategically focussed on the exploration and development of the resources within its Northern Territory portfolio located in close proximity to Darwin, a major industrial and LNG export market.
Board of Directors and Management
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. Richard Lane, Deputy Chairman
Mr. Lane joined Tamboran as Deputy Chairman in 2012. He is formerly the President of Southwestern Energy Company, where under his leadership, the company’s market capitalisation grew from ~$200M to approximately $15B.
Mr. Lane is currently President & CEO of Vitruvian Exploration II, LLC. Mr. Lane has a Bachelor of Science (Geology), a Masters of Science (Geology) from the University of Houston and has attended the Executive Finance Program at the Anderson School of Management at UCLA.
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.
Mr. Andrew Bursill, Director
Mr Bursill has been a Director and the Company Secretary of Tamboran since 2009. He has over 20 years accounting experience and is highly respected in the financial industry. Mr Bursill has worked with Franks & Associates Pty Ltd since 1999, assisting publicly listed and unlisted companies with capital raising activities, financial management, investor relations and company secretarial services and compliance.
Mr Bursill is a chartered accountant, with B.Agr.Ec from the University of Sydney where he majored in Accounting, Commercial Law and Resource Economics.
Mr. Dick Stoneburner
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
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 and acumen 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. Stuart Lake
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 Joel Riddle, 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 and played 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.
Tamboran is committed to the highest standard of corporate responsibility and to ensuring all operations are undertaken transparently and in a safe and environmentally responsible manner which meets or exceeds all legal and regulatory requirements.
We will work with all stakeholders to fully understand the social, environmental and economic consequences of our activities so we can maximise their benefits and minimise negative impacts. We recognise the importance of long-term, collaborative, transparent and trusting relationships with Traditional Owners and local communities where we operate.