Tamboran Resources Corporation · NYSE:TBN
Tamboran Resources — Q1 FY2025 Earnings Presentation
12 slides from Tamboran Resources's earnings presentation, Nov 13, 2024
Slide 1: 1Q FY25 Result Presentation
For personal use only NYSE: TBN, ASX: TBN 1Q FY25 Result Presentation Joel Riddle – Chief Executive Officer November 12, 2024 SHENANDOAH SOUTH 2 WELLPAD, NORTHERN TERRITORY, AUSTRALIA
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: 1Q FY25 highlights
Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) 1Q FY25 highlights For personal use only Completed drilling of the SS-2H well, the first well Liberty Energy (NYSE: LBRT) completion drilled with a ~10,000 foot (3,000-metre) equipment successfully imported into the 1 4 horizontal section in the B
Slide 4: Shenandoah South Pilot Development drilling update
Shenandoah South Pilot Development drilling update Nearing completion of drilling of the SS-2H ST1 well and on track to deliver IP30 flow rate results in 1Q 2025 Sturt Plateau Compression Water Management Pad Facility (SPCF) pad For personal use only Stimulation sand SS2 Well Pad Drilling of the SS-
Slide 5: Learnings from SS-1H well resulted in improved drilling performance
Learnings from SS-1H well resulted in improved drilling performance in SS-2H and SS-2H ST1 wells New H&P rig demonstrates drilling capabilities in delivering ~10,000 ft laterals | SS-2H ST1 to reach TD in coming days Key Beetaloo Basin Wells For personal use only - − Tamboran’s drilling team and H&P
Slide 6: Key successes and lessons learned
Key successes and lessons learned Optimization of well design and mud system in SS-2H ST1 well is expected to result in a reduction of drilling days to TD 18-5/8” Key Successes and Lessons Learned For personal use only 1 13-3/8” Days Drilled SS-1H SS-2H SS-2H ST1 9-5/8” + Drilled the longest well la
Slide 7: SS-2H location geology remains consistent after material step out from SS-1H well
SS-2H location geology remains consistent after material step out from SS-1H well SS-2H and SS-2H ST1 wells confirmed the contiguous nature of Mid Velkerri Shale with no faulting observed − Data from the SS-2H well (surface location ~3 miles north from the SS-1H well) has demonstrated geological roc
Slide 8: "US-style" completion design enabled by new Liberty Energy frac spread
“US-style” completion design enabled by new Liberty Energy frac spread Liberty Energy 80,000 HP frac fleet imported from US into Australia for dedicated Beetaloo large scale development For personal use only − New Liberty frac spread, comprising of 80,000 Horsepower (HHP), 32 pumps, 240 sand boxes a
Slide 9: Progressing development of the first local sand mine in the Beetaloo Basin
Progressing development of the first local sand mine in the Beetaloo Basin Ongoing discussions with potential third-party strategic partners to develop a local Beetaloo Basin sand solution in 2025 Precision screen SRD240x mobile sand washing Plant For personal use only − Granted 11 sand mining lease
Slide 10: Current cash position provides funding to deliver IP30 flow rates in 1Q 2025
Current cash position provides funding to deliver IP30 flow rates in 1Q 2025 US$74.0 million cash at September 30, 2024 adjusted for US$7.6 million of net proceeds from the sale of the US rig For personal use only − US$81.6 million adjusted cash on hand on 7.4 (4.2) 7.6 September 30, 20241, includin
Slide 11: Upcoming catalysts
Upcoming catalysts Progressing towards production from proposed ~40 MMcf/d (gross, ~19 MMcf/d net) Pilot Project in 1H 2026 For personal use only 4Q 2024 Complete drilling of SS-2H ST1 and SS-3H Complete stimulation activities and commence flow 1Q 2025 testing of SS-2H ST1 and SS-3H Announce IP30 fl
Slide 12: For personal use only
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