Tamboran Resources Corporation · NYSE:TBN
Tamboran Resources — 2022 Good Oil Conference
14 slides from Tamboran Resources's conference presentation, Sep 6, 2022
Slide 1: 2022 Good Oil Conference
For personal use only 2022 Good Oil Conference Dr David Close – Vice President, Operations and External Affairs 6 September 2022 1 TANUMBIRINI WELL PAD, NORTHERN TERRITORY AUSTRALIA
Slide 2: 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 3: Tamboran Resources
Tamboran Resources Focused strategy on developing 1 BCFD low cost gas business from Beetaloo Sub-basin by 2028-30 For personal use only Target is to become a Focused, Low-cost development Expertise in High quality assets with Net Zero emissions high growth targeting multiple markets, unconventional
Slide 4: Corporate overview
Tamboran Resources (ASX: TBN) Corporate overview For personal use only Tamboran Resources Limited (as at close 05 September 2022) 12-month share price performance3 Stock code: TBN 0.450 14.0 0.400 Share Price (A$ per share) 12.0 Shares on issue (m): 747.4 Volume (million shares) 0.350 10.0 Share pri
Slide 5: Vision to develop a ~1 BCFD low-cost gas business by 2030
Tamboran’s vision is to initially develop a ~1 BCFD, low-cost gas business by 2030 Focused on accelerating commercialisation of the “World Class” Beetaloo Basin For personal use only Tamboran aims to supply gas to the Australian East Coast Pathway to revenue of ~$3 billion2 per annum and global LNG
Slide 6: Significant de-risking of the 'Core' Beetaloo in the last months
Significant de-risking of the ‘Core’ Beetaloo in the last 12 months T2H and T3H delivered IP30 rates, normalised over 1,000-metre horizontal section, exceeding commerciality threshold For personal use only Amungee NW 1H (2021) Tanumbirini 2H & 3H demonstrating Tanumbirini 2H & 3H (2021) Horizontal W
Slide 7: EP civil works and 2D seismic operations completed safely and on budget
EP 136 civil works and 2D seismic operations completed safely and on budget On track to spud Maverick 1H shortly For personal use only Delivered initiatives and approvals to drill Maverick 1H ✓ Received all regulatory approvals, including Land Access (May 2022) and Environmental Management Plan (Aug
Slide 8: Pathway to >1 TCF of 2P reserves and sanctioning initial development by YE 2023
Pathway to >1 TCF of 2P reserves1 and sanctioning initial development on EP 136 by YE 2023 Targeting sanction of proposed 10-year EP 136 Maverick Pilot Development (100 mmscfd, 2025 first production) For personal use only Phase 1: 2022/23 Phase 2: 2023 Tanumbirini2H Tanumbirini3H (2021) Tanumbirini
Slide 9: Upcoming wells to be optimised with 'US-style' fracture stimulation design
Upcoming wells to be optimised with “US-style” fracture stimulation design Increased lateral length designed to improve flow rates and increase well economics For personal use only EP 161 Tanumbirini 2H and 3H wells IP30 flow tests from T2H and T3H delivered 3.3 and 5.2 mmscfd per 1,000-metre (3,280
Slide 10: Significant near-term potential upside
Significant near-term potential upside Potential for > 1 TCF of prospective gas resources to be converted to 2P reserves by the end of 2023 For personal use only 6.0 2025 5 TCF Tamboran 5.0 Target 2P Reserves 4.0 Value ($ billions) 3.0 Exxon/ InterOil Transaction (2016) 2.0 2023 Waitsia 1 TCF Tambor
Slide 11: Key Drivers for Commercial Success in the Beetaloo – Report Card
Key Drivers for Commercial Success in the Beetaloo – “Report Card" On track to spud Maverick 1H in early September 2022 For personal use only Key deliverable Industry (2013 – 2021) Last 12 months Horizontal well successfully drilled and completed with >20 vertical wells, two horizontal wells (none E
Slide 12: Targeted full-cycle cost from EP 136: Domestic and global LNG markets
Targeted full-cycle cost from EP 136: Domestic and global LNG markets Proposed EP 136 pilot development will initially target the Australian East Coast domestic gas market For personal use only Illustrative pipeline to commercialise Beetaloo gas Illustrative EP 136 total cost to market 1 2 3 2028+ 2
Slide 13: Beetaloo Basin positioned to be one of the lowest cost producers into Asia
Beetaloo Basin is positioned to be one of the lowest cost producers into Asia Australian LNG projects have traditionally been developed at higher FOB costs For personal use only 1 12.00 Delivered cost to Japan for greenfield LNG projects (US$ per mmBtu) 10.00 8.00 6.00 US$5 per mmBtu 4.00 2.00 - FOB
Slide 14: For personal use only
For personal use only 14 TANUMBIRINI STATION, NORTHERN TERRITORY AUSTRALIA