Tamboran Resources Corporation · NYSE:TBN
Tamboran Resources — Gold Coast Investment Showcase (June 2022)
17 slides from Tamboran Resources's conference presentation, Jun 22, 2022
Slide 1: Gold Coast Investment Showcase
For personal use only Gold Coast Investment Showcase Dr. David Close – Vice President, Operations and External Affairs June 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 at a glance
Tamboran Resources at a glance Focused strategy on developing ~31 TCF gas resources from the Beetaloo Basin, NT Australia For personal use only Target is to become a Net Zero emissions producer (~3% reservoir CO2) Beetaloo Sub-Basin Focused strategy on accelerated commercialisation of the Beetaloo S
Slide 4: Corporate overview
Tamboran Resources (ASX: TBN) Corporate overview For personal use only Tamboran Resources Limited (as at close 21 June 2022) Share price performance Stock code: TBN 0.450 14.0 0.400 Shares on issue (m): 747.4 12.0 Share Price (A$ per share) 0.350 Volume (million shares) Share price (per share): $0.2
Slide 5: Vision to develop a ~1 BCF per day, low-cost gas business
Tamboran’s vision is to develop a ~1 BCF per day, low-cost gas business Focused on accelerating commercialisation of the “World Class” Beetaloo Sub-basin on Asia’s doorstep For personal use only Aiming to supply gas to the East Coast gas and Pathway to revenue of ~$3 billion1 per annum global LNG ma
Slide 6: Russia's invasion of the Ukraine has re-based global energy markets
Russia’s invasion of the Ukraine has re-based global energy markets LNG is the most viable solution to reducing emissions, while meeting the world’s energy demand For personal use only 1 Global LNG supply-demand forecast (impact of Ukraine War) 700 — Global gas demand expected to increase during the
Slide 7: Beetaloo Basin potential to be one of the lowest cost producers into Asia
Beetaloo Basin has potential to be one of the lowest cost producers into Asia Australian LNG projects have traditionally been developed at higher FOB costs For personal use only 1 12.00 Forecast Delivered cost to Japan for greenfield LNG projects (US$ per mmBtu) 10.00 8.00 6.00 US$5 per mmBtu 4.00 2
Slide 8: Tamboran's EP and EP in the 'Core' Beetaloo
Map Key Gas Pipeline Highway Tamboran’s EP 161 and EP 136 in the ‘Core’ Beetaloo Drilled Wells Wells to be 3 100% operator of EP 136 provides opportunity for Tamboran to lead the pace of development Drilled in 2022 For personal use only Map Key 1 2 Core Gas Pipeline Highway EP 161 EP 136 Wyworrie 1
Slide 9: The Beetaloo – "World Class" shale basin
The Beetaloo – “World Class” shale basin Significant acreage position with superior rock properties compared to Marcellus shale For personal use only Mid-Velkerri “B shale” properties compared to Marcellus shale Tamboran’s Beetaloo position scaled to Eagle Ford acreage EP 161 EP 136 Significant Beet
Slide 10: Pathway to >1 TCF of 2P reserves by year-end 2023
Pathway to >1 TCF of 2P reserves1 in EP 136 by calendar year-end 2023 Delivery of NSAI supported maturation study requires three Maverick wells to prove-up resource base For personal use only Phase 1: 2022 Phase 2: 2023 Tanumbirini2H Tanumbirini3H Tanumbirini 2H Tanumbirini 3H EP 136 EP 161 EP 161 M
Slide 11: Upside potential from 2P reserves maturation
Upside potential from 2P reserves maturation in EP 136 Potential for prospective gas resources to be converted to 2P reserves through by 2023 - 2024 For personal use only 2.0 Tamboran (2023 Target 2P Reserves) Waitsia 1.5 1 TCF Value ($ billions) 1.0 Senex $1.1 per mscf transaction multiple implies
Slide 12: Targeted full-cycle cost from EP for domestic gas and global LNG
Targeted full-cycle cost from EP 136 for Australian domestic gas and global LNG markets Shale expertise and infrastructure partnership will enable Tamboran to be one of the lowest cost gas producers For personal use only Illustrative Jemena pipeline to commercialise Tamboran gas Illustrative EP 136
Slide 13: Maverick optimised well fracture stimulation design
EP 136 Maverick 1H/2H/3H optimised well fracture stimulation design Increased lateral length designed to improve flow rates and increase well economics For personal use only Tanumbirini 2H and 3H wells ~3.0 mmscfd per 1,000-metre lateral Stimulated over 600 and 660-metres 10 – 11 frac stages Maveric
Slide 14: Improving economics of the Beetaloo Sub-basin
Improving economics of the Beetaloo Sub-basin US unconventional learnings to accelerate cost reduction and productivity improvements For personal use only Cost reduction1 Improved productivity2 Lower delivered cost Median D&C cost per 1,000-metre (US$ millions) Average gross gas volumes produced per
Slide 15: Tamboran's plan to unlock the Beetaloo
Tamboran’s plan to unlock the Beetaloo Fully funded to deliver 2022 drilling and midstream FEED activities with $55 million cash on hand1 For personal use only 2021 2022 2023 2024 2025/2026 Drilled and tested Commence development activities Drill M2H and 3H in EP 136 Targeting first gas from Upstrea
Slide 16: Focus for 2022
Focus for 2022 Delivering on ambition to accelerate commercialisation of ‘Core’ Beetaloo For personal use only ❑ 2022: Continue flow testing of Tanumbirini 2H and 3H wells, subject to further test results. ❑ Mid-2022: Acquire 90 kilometres of 2D seismic over ‘Core’ Beetaloo acreage. ❑ Q3 2022: Comme
Slide 17: For personal use only
For personal use only 17 TANUMBIRINI STATION, NORTHERN TERRITORY AUSTRALIA
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