Tamboran Resources Corporation · NYSE:TBN
Tamboran Resources — Shareholder Meeting (December 2021)
34 slides from Tamboran Resources's shareholder meeting presentation, Dec 8, 2021
Slide 1: Chairman's Address – 2021 Annual General Meeting
ASX ANNOUNCEMENT 08 December 2021 Tamboran Resources Limited (ASX: TBN) For personal use only Tamboran Resources 2021 Annual General Meeting Chairman’s Address Slide 1 - Welcome Good morning ladies and gentlemen. It is past the appointed time of 10.00 am AEST and I declare the 2021 Annual General Me
Slide 2: Chairman's Address (Q&A and voting procedures)
Finally, due to time constraints we may run out of time to answer all your questions. If this happens, we will answer them in due course via email/posting responses on our website. For personal use only Voting today will be conducted by way of a poll on all items of business. To provide you with eno
Slide 3: Chairman's Address: FY21 milestones and Managing Director's Address
At Tamboran we intend to play a constructive role in the global energy transition towards a lower carbon future. We aim to achieve this through the development of our low-CO2 natural gas resource in the Core Beetaloo Sub-basin of Australia’s Northern Territory. For personal use only During FY21, the
Slide 4: Strategy and Core Beetaloo resources
The strategy is focused on accelerating the commercialisation of the Core acreage of the Beetaloo Sub- basin. For personal use only Tamboran’s two licenses covering the “Core Beetaloo” asset have an independently certified best estimate net prospective resource of approximately 31 TCF, including: •
Slide 5: Commercial threshold and upcoming wells
If successful, this well has the potential for Tamboran to book a material contingent resource within our 100% owned acreage and support planning for an accelerated Maverick Pilot development during 2023. For personal use only Slide 11 – Commercial threshold Slide 11 aims to address one of the key m
Slide 6: Maverick H1 plans and conclusion
We will continue to progress planning of the 60 kilometers of 2D seismic acquisition and drilling of the Maverick H1 well. We are aiming to spud this important well before the end of the 2022 financial year and expect confirmation of commercial flow rates within the EP 136 acreage by the end of cale
Slide 7: Next Generation E&P Company – 2021 Annual General Meeting
Next Generation E&P Company Supporting the Net Zero Energy Transition For personal use only in Australia and Asia-Pacific 2021 Annual General Meeting | December 8th 2021 DRILLING OF TANUMBIRINI 2H, NORTHERN TERRITORY AUSTRALIA
Slide 8: Disclaimer
Disclaimer This presentation has been prepared by Tamboran Resources Limited (Tamboran). The information in this presentation is information of a general nature and is subject to change without notice. This presentation contains information in a summary form only and should be read in conjunction wi
Slide 9: Online Attendees – Text Question Process
ONLINE Attendees – TEXT Question PROCESS For personal use only 3
Slide 10: Boardroom Media – Audio Question Process
BOARDROOM MEDIA – AUDIO QUESTION PROCESS For personal use only 4
Slide 11: Online Attendees – Voting
ONLINE Attendees – VOTING For personal use only 5
Slide 12: Chairman's Address
For personal use only Chairman’s Address Mr. Richard (Dick) Stoneburner info@tamboran.com +61 2 8330 6626
Slide 13: FY21 overview
Tamboran Resources FY21 overview For personal use only ✓ Completed $23 million pre-IPO capital raise in January 2021. ✓ Established Tamboran’s 100% owned permits across EP 136, 143 and EP(A) 197 and operatorship within the “Core Beetaloo” following all-share acquisition of Sweetpea Petroleum. ✓ Comp
Slide 14: Managing Director's Address
For personal use only Managing Director’s Address Mr. Joel Riddle info@tamboran.com +61 2 8330 6626
Slide 15: Tamboran Resources at a glance
Tamboran Resources at a glance Focused strategy on developing low CO2 gas resources from the Beetaloo Sub-basin For personal use only Vision is to become a Focused High-quality assets with Low-cost development Expertise in Net Zero emissions "Core Beetaloo" scale and multiple high targeting multiple
Slide 16: Tamboran's EP 161 and EP 136 assets in the Core Beetaloo
Tamboran’s EP 161 and EP 136 assets in the “Core Beetaloo” 100% operator of EP 136 allowing Tamboran to set the pace for development For personal use only EP 161 EP 136 — 25% net interest, Santos-operated. —100% interest, Tamboran-operated. — 12 TCF net resources.(1) —19 TCF net resources.(1) — Stro
Slide 17: Core Beetaloo Commercial Threshold
“Core Beetaloo” Commercial Threshold Tanumbirini 2H / 3H / Maverick 1H commercial flow rates unlocks EP 136 Maverick Pilot Development For personal use only Vertical Well Horizontal “Test” Well Horizontal Development Well EP 161 Tanumbirini 1 EP 161 Tanumbirini 2H/3H EP 136 Maverick Pilot Developmen
Slide 18: EP 161 / EP 136 Phased Appraisal Plan
EP 161 / EP 136 Phased Appraisal Plan Multiple high impact wells planned in the next 12 months, targeting Maverick pilot section by YE 2023 For personal use only Phase 1 Phase 2 (through 2022) (through 2023+) Tanumbirini Tanumbirini 2H/3H 2H/3H EP 161 EP 161 EP 136 Maverick EP 136 Pilot (~100 EP 136
Slide 19: FY22 focus
Tamboran Resources FY22 focus For personal use only ❑ Complete Tanumbirini 2H and 3H fracture stimulation and commence flow tests by end CY2021. ❑ Target initial booking of 2C contingent resource from EP 161. ❑ Acquire 2D seismic over “Core Beetaloo” acreage. ❑ Commence Maverick 1H drilling, targeti
Slide 20: Next Generation E&P Company
Tamboran Resources "Next Generation” E&P Company For personal use only ✓ Tamboran has a vision to become a Net Zero (Scope 1 and 2) gas producer when company initiates first production. ✓ High quality “Core Beetaloo” asset base positioned to deliver gas to the North and East Coast domestic markets,
Slide 21: Procedural Matters
For personal use only Procedural Matters Mr. Richard (Dick) Stoneburner info@tamboran.com +61 2 8330 6626
Slide 22: Proxy voting
Proxy voting Vote totals based on the first resolution For personal use only • Valid proxy votes received: 417,506,312 • Per cent of total votes: 55.9% 16
Slide 23: 2021 Financial Report
2021 Financial Report This item of ordinary business is for discussion only and is not a resolution For personal use only • To receive and consider the consolidated financial statements of the Company and its controlled entities and the reports of the Directors and Auditor for the financial year end
Slide 24: Resolution: Adoption of the Remuneration Report
Resolution 1 Adoption of the Remuneration Report For personal use only • That, for the purpose of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s Annual Report for the financial year ended
Slide 25: Resolution: Re-election of Director – Richard Stoneburner
Resolution 2 Re-election of Director – Mr Richard Stoneburner For personal use only • That for the purposes of rule 6.1 of the Company’s Constitution and all other purposes, Mr Richard Stoneburner, who retires and being eligible offers himself for re-election is re-elected as a Director in accordanc
Slide 26: Resolution: Re-election of Director – Patrick Elliott
Resolution 3 Re-election of Director – Mr Patrick Elliott For personal use only • That for the purposes of rule 6.1 of the Company’s Constitution and all other purposes, Mr Patrick Elliott, who retires and being eligible offers himself for re-election is re-elected as a Director in accordance with r
Slide 27: Resolution: Re-election of Director – Fredrick Barrett
Resolution 4 Re-election of Director – Mr Fredrick Barrett For personal use only • That for the purposes of rule 6.1 of the Company’s Constitution and all other purposes, Mr Fredrick Barrett, who retires and being eligible offers himself for re-election is re-elected as a Director in accordance with
Slide 28: Resolution: Re-election of Director – Daniel Chandra
Resolution 5 Re-election of Director – Mr Daniel Chandra For personal use only • That for the purposes of rule 6.1 of the Company’s Constitution and all other purposes, Mr Daniel Chandra, who retires and being eligible offers himself for re-election is re-elected as a Director in accordance with rul
Slide 29: Resolution: Re-election of Director – Ann Diamant
Resolution 6 Re-election of Director – Ms Ann Diamant For personal use only • That for the purposes of rule 6.1 of the Company’s Constitution and all other purposes, Ms Ann Diamant, who retires and being eligible offers herself for re-election is re-elected as a Director in accordance with rule 6.1
Slide 30: Resolution: Re-election of Director – David Siegel
Resolution 7 Re-election of Director – Mr David Siegel For personal use only • That for the purposes of rule 6.1 of the Company’s Constitution and all other purposes, Mr David Siegel, who retires and being eligible offers himself for re-election is re-elected as a Director in accordance with rule 6.
Slide 31: Resolution: 10% Placement Capacity
Resolution 8 10% Placement Capacity For personal use only • That, for the purpose of Listing Rule 7.1A and for all other purposes, approval is given for the issue of Equity Securities totalling up to 10% of the Shares on issue, calculated in accordance with the formula prescribed in Listing Rule 7.1
Slide 32: Resolution: Director Remuneration Fee Cap
Resolution 9 Director Remuneration Fee Cap For personal use only • That, for the purpose of rule 6.3 of the Constitution, and for all other purposes, approval is given so that the aggregate amount to be paid as remuneration of non-executive directors to be set at no more than $1,000,000 per annum. R
Slide 33: Finalisation of polls and Q&A
Finalisation of polls and Q&A For personal use only info@tamboran.com +61 2 8330 6626
Slide 34: Technical Expert Report – Resource Disclosures
Appendix: Technical Expert Report – Resource Disclosures For personal use only - Contingent and Prospective Resource estimates for EP 161 and EP 136 were assessed as of 31 January 2021. Tamboran confirms that it is not aware of any new information or data that materially affects the information incl
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