Tamboran Resources Corporation · NYSE:TBN
Tamboran Resources — 2022 SEAAOC Conference
16 slides from Tamboran Resources's conference presentation, Aug 24, 2022
Slide 1: Material de-risking of Beetaloo Sub-basin commerciality and forward program
ASX ANNOUNCEMENT 24 August 2022 Tamboran Resources Limited (ASX: TBN, OTC markets: TBNNY) For personal use only Material de-risking of Beetaloo Sub-basin commerciality and forward program 24 August 2022, Tamboran’s Managing Director and CEO, Mr. Joel Riddle, will present at the 2022 SEAAOC conferenc
Slide 2: ASX announcement continued
capable drilling rigs that can achieve more than 3,000-metre horizontal sections. Tamboran has been seeking to resolve this and is close to finalising the process of importing a ‘best-in-class’ modern fast walking US drilling rig into Australia. For personal use only “If development progresses, the
Slide 3: 2022 SEAAOC Presentation
For personal use only 2022 SEAAOC Presentation Joel Riddle – Managing Director and Chief Executive Officer August 2022 1 TANUMBIRINI WELL PAD, NORTHERN TERRITORY AUSTRALIA
Slide 4: 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 5: 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 6: 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 7: Significant de-risking of the 'Core' Beetaloo in the last months
Significant de-risking of the ‘Core’ Beetaloo in the last 12 months Recent drilling results in ‘Core’ Beetaloo have de-risked Tamboran’s EP 136 permit (100% operated) For personal use only Amungee NW 1H (2021) Tanumbirini 2H & 3H demonstrating Tanumbirini 2H & 3H (2021) Horizontal Well and Flow Test
Slide 8: EP civil works and 2D seismic completed; on track to spud Maverick 1H
EP 136 civil works and 2D seismic operations completed safely and on budget On track to spud Maverick 1H in early September 2022 For personal use only Delivered initiatives and approvals to drill Maverick 1H ✓ Received all regulatory approvals, including Land Access (May 2022) and Environmental Mana
Slide 9: Pathway to >1 TCF of 2P reserves and sanctioning initial development
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 10: Upcoming wells 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 T2H and T3H flow tested at 4.3 and 7.4 mmscfd per 1,000-metre (3,280 feet) lateral f
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: Appendix
For personal use only Appendix 12 TANUMBIRINI STATION, NORTHERN TERRITORY AUSTRALIA
Slide 15: Beetaloo Sub-basin catalysts
Beetaloo Sub-basin catalysts Five wells to drilled in H2 2022 across the Beetaloo Sub-basin supports further de-risking and resource additions For personal use only Tanumbirini 2H/3H (EP 161) Santos 75%*, Tamboran 25% Amungee 2H and 3H (EP 98) Origin 77.5%*, Falcon 22.5% • Drilled and fracced in H2
Slide 16: For personal use only
For personal use only 14 TANUMBIRINI STATION, NORTHERN TERRITORY AUSTRALIA