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.