Tamboran Resources Corporation · NYSE:TBN
Tamboran Resources — Australian Domestic Gas Outlook Conference 2023
18 slides from Tamboran Resources's conference presentation, Mar 22, 2023
Slide 1: Australian Domestic Gas Outlook Conference - Keeping the Beetaloo promise
For personal use only Australian Domestic Gas Outlook Conference 22 March 2023 | Keeping the Beetaloo promise 1 ASX: TBN, US OTC: TBNNY AMUNGEE 2H WELLPAD, 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: The Big Picture
“The Big Picture” Shortfalls and war has led to higher energy prices – Australia has a decision to make… For personal use only Option A Option B US Approach European Approach Energy Security (development of own resources) Energy reliance on others (i.e. Russia, Qatar, US) Reduced emissions from coal
Slide 4: Australia's emerging energy crisis – Beetaloo provides near-term supply solution
Australia’s emerging energy crisis – Beetaloo provides near-term supply solution AFR: “Gas solution is literally beneath our feet” For personal use only East Coast Gas Demand/Supply Forecast − ACCC forecasting 56 PJ shortfall in 2023. 2,500 2,000 − Gas continues to play a major function in electrici
Slide 5: The Beetaloo could deliver the ~10 TCF needed to reduce domestic gas shortfall
The Beetaloo could deliver the ~10 TCF needed to reduce Australia’s domestic gas shortfall Australian domestic gas demand remains stable while gas supply drops For personal use only − Wood Mackenzie forecasts resilient Domestic East Coast Gas Demand Domestic East Coast Gas Supply domestic gas demand
Slide 6: Tamboran's high growth strategy to develop ~1 BCFD gas business by 2030
Tamboran’s high growth strategy to develop ~1 BCFD1 gas business by 2030 Focused on accelerating commercialisation of 10 – 20 TCF from “World Class” Beetaloo Basin For personal use only Pathway to revenue of ~$3 billion2 per annum − Sanction ~100 TJ per day (gross) Pilot Development. 2023 − Target ~
Slide 7: Tamboran's transformational acquisition of Beetaloo Basin assets
Tamboran’s transformational acquisition of Beetaloo Basin assets Transaction closed on 8 November 2022 Tamboran acreage holds 147 TCF net 2U prospective gas For personal use only resources3 Consolidation Pathway to New Assets Existing Assets Provides Scale Cash Flow Dominant acreage position in 10-y
Slide 8: Scale of consolidated acreage on par with the US Marcellus Shale
Scale of consolidated acreage on par with the US Marcellus Shale Tamboran’s continuous Beetaloo Basin acreage equivalent to entire Marcellus gas window acreage (>25 BCFD1) For personal use only Marcellus delivers >25 BCFD1 LEGEND “Core” Marcellus Marcellus Basin Greater Marcellus 30.0 Tamboran Daily
Slide 9: Pathway to a target of ~5.0 TCF (gross) 2P gas reserves by end-2025
Pathway to a target of ~5.0 TCF (gross) 2P gas reserves1 by end-2025 Targeting first production by the end of 2025 from the proposed ~100 TJ per day Beetaloo Pilot Development For personal use only Five wells planned over the next 18 months have potential to deliver gross 2C contingent gas resources
Slide 10: Proving operational capability and transfer of US shale technology
Proving operational capability and transfer of US shale technology Maverick 1V and Amungee 2H drilling performance – fastest vertical and horizontal wells in Beetaloo to date1 For personal use only - Days vs. Depth Curve − Tamboran has been able to leverage learnings Maverick 1 from drilling of Tanu
Slide 11: H&P and Tamboran Strategic Alliance
H&P and Tamboran Strategic Alliance Bringing FlexRig® super-spec rig to the Beetaloo in H2 2023 – Rig currently mobilising to Australia from the US For personal use only − Tamboran / H&P Strategic alliance to import a modern US unconventional drilling rigs into the Beetaloo. − H&P aligned with Tambo
Slide 12: H&P FlexRig departed Houston, TX in March 2023
H&P FlexRig® departed Houston, TX in March 2023 Bringing US drilling technology to the Beetaloo, aiming to lower the cost of gas supply for Australians For personal use only Loading of the H&P FlexRig® at the Port of Houston 12
Slide 13: Upcoming wells to be optimised with US-style stimulation design
Upcoming wells to be optimised with “US-style” 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 IP30 flow tests from T2H and T3H delivered 3.3 and 5.2 mmscfd per 1,000-metre (3,280 feet) la
Slide 14: Beetaloo gas will drive down Australia's energy costs vs. alternatives
Beetaloo gas will drive down Australia’s energy costs vs. proposed alternatives 100% renewables strategy will likely result in higher energy costs for everyday Australians For personal use only Despite the claims, regions with higher solar and wind in the grid tend to have the highest cost of electr
Slide 15: The Beetaloo Basin – Australia's largest green initiative
The Beetaloo Basin – Australia’s largest green initiative Low CO2 natural gas (3 - 4%) offsetting existing East Coast gas and coal generation can have a material impact For personal use only Potential for ~60 million tonnes CO2e per annum reduction1 in global emissions if low-CO2 Beetaloo gas is use
Slide 16: Beetaloo: GHG reduction opportunity
Beetaloo: GHG reduction opportunity Low GHG intensity natural gas should be prioritised to meet Australian and global decarbonisation goals For personal use only − Tamboran has set a target of Net Zero equity Scope 1 and Australia's GHG Emission Reduction Potential by replacing high 2 GHG emissions
Slide 17: Tamboran - Australia's emerging next generation E&P company
Tamboran - Australia’s emerging next generation E&P company For personal use only − Australia’s emerging energy crisis can be solved by the Beetaloo Basin opportunity and can also drive significant reduction in Australia’s GHG emissions. − Near-term opportunity for the Australia / Northern Territory
Slide 18: Tamboran Resources
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