Tamboran Resources Corporation · NYSE:TBN
Tamboran Resources — SEAAOC Conference 2021
18 slides from Tamboran Resources's conference presentation, Oct 27, 2021
Slide 1: Next Generation E&P Company Supporting the Net Zero Energy Transition
Next Generation E&P Company Supporting the Net Zero Energy Transition For personal use only in Australia and Asia-Pacific SEAAOC Conference, Darwin Australia | October 27th 2021 TANUMBIRINI STATION, 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 Low CO2 Gas Resources from the Beetaloo Sub-basin For personal use only Target is to become a Focused High-Quality Assets with Low-Cost Development Expertise in Net Zero Emissions "Core Beetaloo" Scale and Multiple High Targeting Multiple
Slide 4: The Beetaloo: multiple basins and targets
The “Beetaloo”…..multiple basins and targets Vast hydrocarbon system with most areas still in the “early stage /exploration” phase For personal use only —Extensive, proven hydrocarbon system over multiple sub-basins. —Multiple targets (conventional and unconventional) delineated by over 30 wells; no
Slide 5: Tamboran's Focus is the Mid-Velkerri B Shale in Core Beetaloo
Tamboran’s Focus is the Mid-Velkerri ‘B’ Shale in "Core Beetaloo” Deep technical understanding of regional geology has driven Tamboran’s focused strategy For personal use only Conventional or Unconventional? Unconventional Gas, “Liquids-rich” Gas, Oil, CSG? Low CO2 Dry Gas Sub-Basin? Beetaloo, Glyde
Slide 6: Tamboran's Focus - Mid Velkerri B Shale in Core Beetaloo
Tamboran’s Focus - Mid Velkerri ‘B’ Shale in "Core Beetaloo” Deep technical understanding of regional geology has driven Tamboran’s focused strategy For personal use only Core Beetaloo Tamboran’s key assets (EP 161 and EP 136) are located in the "Core Beetaloo” area. — 31 TCF total net resources in
Slide 7: Tamboran's EP 161 and EP 136 Assets in the Core Beetaloo
Tamboran’s EP 161 and EP 136 Assets in the “Core Beetaloo” 100% Operator of EP 136 Allowing Tamboran to Set the Pace for Development For personal use only EP 161 EP 136 — 25% net interest, Santos-operated. —100% interest, Tamboran-operated. — 12 TCF net resources.(1) —19 TCF net resources.(1) — Stro
Slide 8: Tamboran's Core Beetaloo Basin Depocenter Position
Tamboran's “Core Beetaloo” Basin Depocenter Position ~500m Mid-Velkerri section with limited faulting, superior reservoir qualities and de-risked by Tanumbirini 1 For personal use only West to East Cross-Section of Mid-Velkerri Shale Tanumbirini 1 Depth 76-S2 Well Maverick 1H Tanumbirini 2H/3H Km Co
Slide 9: EP 161 Tanumbirini 2H Well - Excellent Gas Shows
EP 161 Tanumbirini 2H Well - Excellent Gas Shows >1,000m lateral in Mid-Velkerri B shale section drilled with excellent gas shows, indicative of significant natural fracturing For personal use only Tanumbirini2H Tanumbirini 1 GR GAS MCSAN19-01 C Shale Depth (m) Gas shows B Shale (Mid Velkerri Format
Slide 10: EP 161 / EP 136 Phased Appraisal Plan
EP 161 / EP 136 Phased Appraisal Plan Multiple High Impact Wells Planned in the Next 12 months, Targeting Maverick Pilot Section by YE 2023 For personal use only Phase 1 Phase 2 (through 2022) (through 2023+) Tanumbirini Tanumbirini 2H/3H 2H/3H EP 161 EP 161 EP 136 Maverick EP 136 Pilot (100 EP 136
Slide 11: Core Beetaloo Commercial Threshold
“Core Beetaloo” Commercial Threshold Tanumbirini 2H / 3H / Maverick 1H commercial flow rates unlocks EP 136 Maverick Pilot Development For personal use only Vertical Well Horizontal “Test” Well Horizontal Development Well EP 161 Tanumbirini 1 EP 161 Tanumbirini 2H/3H EP 136 Maverick Pilot Developmen
Slide 12: Core Beetaloo Commercial Threshold
“Core Beetaloo” Commercial Threshold Tanumbirini 2H / 3H / Maverick 1H commercial flow rates unlocks EP 136 Maverick Pilot Development For personal use only Maverick 1H (2022) Horizontal Frac and Flow Test 100% Tamboran Core Beetaloo 12
Slide 13: Key Drivers for Commercial Success in the Beetaloo
Key Drivers for “Commercial Success” in the Beetaloo Industry For personal use only (2013-20) 2021-22 — EP 161 Tanumbirini 2H horizontal well (>1,000 Horizontal well successfully drilled with 1,000m >20 vertical wells, two lateral) completed on August 17th 1 horizontal wells (none lateral drilled fu
Slide 14: Commercialisation Strategy with Jemena
Tamboran’s EP 136 Commercialisation Strategy with Jemena Phased, Long-Term Strategy Targeting Multiple Markets and Premium Pricing For personal use only In 2020, Tamboran and Jemena agreed on a detailed commercial framework to form a Joint 3 Venture (JV) to build, own, and operate long term midstrea
Slide 15: Targeted Full-Cycle Cost for Target Markets
Targeted Full-Cycle Cost from EP 136 for Target Markets For personal use only 1 2 3 2028+ 2023 - 2024 2025 Domestic & LNG Backfill Local NT SE Existing Wallumbilla Darwin Cost Breakdown (1) Market Infrastructure Upstream Cost(2) ~$4.50 ~$3.00 ~$2.00 - $3.00 ~$2.00 - $3.00 $A per GJ Northern Territor
Slide 16: Tamboran Resources: Next Generation E&P Company
Tamboran Resources "Next Generation” E&P Company For personal use only ✓ Tamboran has a vision to become a Net Zero (Scope 1 and 2) gas producer when company initiates first production in 2025. ✓ High quality “Core Beetaloo” asset base positioned to deliver gas to the North and East Coast domestic m
Slide 17: For personal use only
For personal use only info@tamboran.com +61 2 8330 6626
Slide 18: Appendix: Technical Expert Report - Resource Disclosures
Appendix: Technical Expert Report – Resource Disclosures For personal use only - Contingent and Prospective Resource estimates for EP 161 and EP 136 were assessed as of 31 January 2021. Tamboran confirms that it is not aware of any new information or data that materially affects the information incl