Tamboran’s pure focus is on its acreage portfolio in the Beetaloo/McArthur Basin in the Northern Territory.

Tamboran Resources is the largest acreage holder in the Beetaloo Basin with ~1.9 million net prospective acres, held through 100% owned properties and two joint ventures – one with Santos and the other with Falcon Oil & Gas and Daly Waters Energy LP (Sheffield).

Through these interests, the Company holds net 2C contingent resources of ~1.5 trillion cubic feet (TCF).

The Tamboran/Sheffield 50:50 JV has entered into a binding 10-year Gas Sales Agreement (GSA) for up to 36.5 PJ per annum (18.3 PJ per annum net to Tamboran) with Origin, Australia’s leading energy retailer.

The Beetaloo Basin is located in the Northern Territory of Australia, approximately 600 kilometres south of Darwin. Being proximal to a major industrial hub enables relative logistical and operational luxuries, like close access to key infrastructure through roads, a pipeline and a railway.

Its location means efficient access to Australian markets and beyond, with the northern port city of Darwin and the Eastern Seaboard of Australia to the east through Queensland.

In June 2022, the Company executed an MOU with gas pipeline operator, Jemena, to enable Tamboran to contract ~100 TJ per day of firm capacity through the Northern Gas Pipeline (NGP), subject to applying NGP Access Principles, under a long-term gas transportation agreement.

EP 98, EP 117 and EP 76

(TBN 38.75%)EP 98, EP 117 and EP 76 are held in a joint venture with Tamboran holding a 38.75% interest and is the operator. The other JV partners are Daly Waters Energy LP (38.75%), an entity associated with Bryan Sheffield, a significant shareholder in Tamboran, and Falcon Oil & Gas (22.5%). The Tamboran/Sheffield 50:50 JV has entered into a binding 10-year Gas Sales Agreement (GSA) for up to 36.5 PJ per annum (18.3 PJ per annum net to Tamboran) with Origin, Australia’s leading energy retailer.

EP 161

(TBN 25%)

EP 161 covers approximately 10,500 km2 and is positioned in the core of the Beetaloo Sub-Basin. Tamboran was granted this exploration permit directly from the Northern Territory government and subsequently completed a farm-out with Santos QNT Pty Ltd in 2012. Tamboran holds 25% working interest and Santos holds 75% working interest and is the operator in EP 161. The EP 161 joint venture drilled the Tanumbirini 1 well and a “Declaration of Discovery” was accepted by the Northern Territory government in 2019.

The property is approximately 650 kilometres south of Darwin and can be accessed via the Carpentaria Highway. There is existing infrastructure in the area including the McArthur River Gas Pipeline as well as intrastate pipelines such as the Amadeus Gas Pipeline and the Northern Gas Pipeline. EP 161 in located in the core Beetaloo Sub-basin and is directly adjacent to EP 136 which is 100% owned and operated by Tamboran.

EP 136, EP 143 and EP(A) 197

(TBN 100%)

EP 136 covers approximately 4,230 km2 and is positioned in the core of the Beetaloo Sub-Basin. Tamboran acquired EP 136, EP 143 and EP(A) 197 permits through the acquisition of Sweetpea Petroleum Pty Ltd, a wholly owned subsidiary of Tamboran Resources. Sweetpea was granted the exploration permits directly from the Northern Territory government. Tamboran owns 100% working interest and is the operator EP 136, EP 143 and EP(A) 197.

The properties are approximately 650 kilometres south of Darwin and can be accessed via the Carpentaria Highway. There is existing infrastructure in the area including the McArthur River Gas Pipeline as well as intrastate pipelines such as the Amadeus Gas Pipeline and the Northern Gas Pipeline. EP 136 in located in the core Beetaloo Sub-basin and shares directly adjacent to EP 161.