Tamboran Resources Corporation · NYSE:TBN
Tamboran Resources — Corporate Update (June 2025)
12 slides from Tamboran Resources's corporate update, Jun 16, 2025
Slide 1: Shenandoah South 2H IP30 Flow Test Results
For personal use only NYSE: TBN, ASX: TBN Shenandoah South 2H IP30 Flow Test Results June 16, 2025 SHENANDOAH SOUTH 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: SS-2H ST1 delivers record Beetaloo Basin IP30 flow rates of 7.2 MMcf/d
Shenandoah South 2H (SS-2H ST1) delivers record Beetaloo Basin IP30 flow rates of 7.2 MMcf/d Normalized IP30 flow rate of 13.2 MMcf/d1 in-line with the average of >11,000 wells in the Marcellus Shale dry gas area SS-2H ST1 achieved record Beetaloo Basin IP30 flow test of 7.2 MMcf/d over a For person
Slide 4: SS-2H ST1 drilling and completion overview
SS-2H ST1 drilling and completion overview Increased confidence of reservoir continuity of Mid-Velkerri B shale within SS Pilot Development area For personal use only SS-1H SS-2H-ST1 SS-2H ST1 Gamma Ray ~65 ft Total Gas (ave 7%) Well TD 20 days 5,483 ft − SS-2H ST1 well drilled to ~16,182 feet (4,93
Slide 5: Application of optimized US-style completion design for SS-2H ST1
Application of optimized “US-style” completion design for SS-2H ST1 Incorporating lessons from SS-1H and SS-2H ST1 to further improve well performance and cost efficiency in SS-3H/4H/5H/6H For personal use only T3H EP 161 Tanumbirini 3H (T3H) (2021) Santos Design (4-½” casing, 1,600 lbs/ft, 60 bpm)
Slide 6: ST1 IP30 flow test results
Shenandoah South 2H ST1 IP30 flow test results Record Beetaloo Basin IP30 test of 7.2 MMcf/d | Increasing lateral length delivering higher flow rates IP30 Flow Rate For personal use only − Record Beetaloo Basin IP30 flow 10.0 rate of 7.2 MMcf/d 9.0 − Same steady, low-decline as SS-1H over IP30 test
Slide 7: ST1 IP30 performance vs. Marcellus Shale producers
Shenandoah South 2H ST1 IP30 performance vs. Marcellus Shale producers SS-2H ST1 IP30 result in-line with average of >11,000 Marcellus Shale wells produced for over 12-months Marcellus, Appalachian Basin (US) Marcellus Shale 12-Month Type Curves vs Shenandoah South flow tests1 For personal use only
Slide 8: SS-4H/5H/6H Pilot development wells in 2H 2025 to focus on cost reduction
SS-4H/5H/6H Pilot development wells in 2H 2025 to focus on driving further reduction in cost Targeting less than 25 days spud to TD for up to three wells in the SS drilling program in 2H 2025 H&P H&P RigRig 469469 ononlocation locationahead ahead of SS-4H SS-4Hspud spud Key Beetaloo Basin Wells For
Slide 9: Batch completion of SS Pilot Project wells planned in 4Q25 – 1H 2026
Batch completion of SS Pilot Project wells planned in 4Q 2025 – 1H 2026 SS-3H, 4H, 5H and 6H wells to incorporate local sand and key learnings from SS-2H ST1 flow test performance SS-2H ST1 stimulation intensity compared to SS-1H (average) For personal use only SS-2H ST1 3,500 Increase in spacing op
Slide 10: Northern Territory local sand secured for SS-3H, 4H, 5H and 6H completions
Northern Territory local sand secured for SS-3H, 4H, 5H and 6H completions Ongoing discussions with potential third-party strategic partners to develop first Beetaloo Basin local sand mine in 2026 Darwin Area Wash Plant in Northern Territory For personal use only Beetaloo Basin Sand Costs − Tamboran
Slide 11: Upcoming catalysts
Upcoming catalysts Progressing towards production from proposed ~40 MMcf/d (gross, ~19 MMcf/d net) Pilot Project in mid-2026 For personal use only Commence drilling of SS-4H/5H/6H Pilot July 2025 development wells Proposed Final Investment Decision of the SS Pilot 2H 2025 Project Commence constructi
Slide 12: For personal use only
For personal use only Email info@tamboran.com Phone +61 2 9977 6522 Carpentaria Highway, Northern Territory Australia