Tamboran Resources Corporation · NYSE:TBN
Tamboran Resources — Q3 2026 Earnings Presentation
15 slides from Tamboran Resources's earnings presentation, May 13, 2026
Slide 1: 3Q FY26 Result Presentation
NYSE: TBN, ASX: TBN 3Q FY26 Result Presentation Mr. Todd Abbott – Chief Executive Officer ` North America: May 13, 2026 | Australia: May 14, 2026
Slide 2: Disclaimer
Disclaimer The information in this presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which include statements
Slide 3: 3Q FY26 highlights
Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) 3Q FY26 highlights Agreed farm-out of ~10,000 acres to SPCF construction currently 88% Preparing to commence 2026 DWE, providing a US$28.5 million complete and progressing on P50 Beetaloo Basin program with 1 carry across the Pilot Area and BCDA 2
Slide 4: 2026 catalysts
2026 catalysts Planning most active year in the Beetaloo Basin | First gas sales from the Beetaloo Basin on track for 3Q 2026 Secured debt facility to fund processing infrastructure, backstopped by 3Q 2025 6H, 5H, 4H 0 20 40 the Northern Territory Government Kilometers 3Q 2025 Reached Final Investme
Slide 5: Q&A
Q&A
Slide 6: Strategic farmout of BCDA with Daly Waters Energy
Strategic farmout of BCDA with Daly Waters Energy Recognizes a value premium on Tamboran’s core Beetaloo position Ichthys 0 10 20 LNG Kilometers 1. Clear value marker for Tamboran’s acreage from Japan’s largest E&P NT − Farmout of ~10,000 net acres across the Northern and Southern Pilot Areas and BC
Slide 7: Sturt Plateau Compression Facility construction
Sturt Plateau Compression Facility construction 88% complete and within P50 budget and schedule − The SPCF project remains within P50 budget and schedule − 88% complete at end April 2026 − Electrical work 64% and pipeline connection 55% complete − Funding up to the P90 cost estimate of the SPCF is s
Slide 8: EP 161 upcoming activity
EP 161 upcoming activity Santos stating Beetaloo Basin gas as LNG backfill for GLNG and DLNG in the early 2030s | Targeting FID by mid-2029 − Santos (ASX: STO) planning two 10,000-foot horizontal well, Jibera South 1H and Newcastle South 1H in EP 161 (Tamboran 25% non-operator) in 2026 − Ensign Rig
Slide 9: Tamboran's funding pathway
Tamboran’s funding pathway Funding allows Tamboran to further delineate activities across the Beetaloo East depocenter for future partnerships and development Uses of funds Activity Existing Funding Deliver initial gas sales from SS Pilot Project ✓ SPCF infrastructure funded from syndicated debt fac
Slide 10: Strengthened balance sheet following recent capital raise
Strengthened balance sheet following recent capital raise Total cash and expected near-term inflows of ~US$298 million at March 31, 2026 − Cash and expected near term cash inflows of 3Q FY26 Change in Cash Balance ~US$298 million at March 31, 2026(1) − Drawn debt of US$23 million to fund constructio
Slide 11: Asia needs the stability of Australian LNG
Asia needs the stability of Australian LNG Disrupted Middle East production underscores the importance of Australia’s stable LNG supply to Asia. New sources of supply are needed to fill Australian LNG facilities. 1 Supplier of Asian LNG Demand (MTPA) 2 LNG Shipping Duration to North Asia(2) 3 Declin
Slide 12: Favorable East Coast gas market dynamics
Favorable East Coast gas market dynamics Emerging shortfall on Australia’s East Coast of ~1.2 Bcf/d from 2035 due to declining local production Limited northern supply and pipeline capacity to meet southern Emerging LNG ullage within the 25.3 MTPA of LNG projects in market demand Queensland, Austral
Slide 13: East Coast domestic gas price
Phase 2 – East Coast domestic gas price ~US$9.20 per mcf average contracted price for East Coast producers in 2027 | >158% higher than Henry Hub Agreed gas prices to the East Coast market for 2027 supply(1) − Majority of gas volumes on Australia’s East Coast are 12 contracted business-to-business, w
Slide 14: Glossary
Glossary AEMO Australian Energy Market Operator IP90 Average production rate over the first 90 days of production AGP Amadeus Gas Pipeline JV Joint Venture APA APA Group (ASX: APA) LNG Liquefied Natural Gas APLNG Australia Pacific LNG MTPA Million tonnes per annum BCDA Beetaloo Central Development A
Slide 15: Tamboran Resources
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