Tamboran Resources Corporation (TBN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Chamberlain Research's third quarter fiscal year 25 earnings release. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Joel Whittle, Chief Executive Officer. Thank you, Joel. You may begin. Thank you and welcome to Tamborne Resources' third quarter fiscal year 2025 result presentation. I'm Joel Riddle. I'm the chief executive officer for the company. And joining with me this afternoon is Eric Dyer, chief financial officer. Before we get into the material, I'd like to refer everyone to the disclaimer statement on slide two associated with forward-looking statements. Starting on slide three with key highlights from the quarter, the company successfully completed 35 stages in this insurance OSF 2H well. In following an extended 62-day soaking period, the well has commenced a flow test in which we plan to report an IP30 flow test to the market by the end of June. Overall, we plan to flow the well a full 90 days, and we'll be reporting an IP90 to the market by the end of August. Following the completion of a capital raise that we announced to the market yesterday, we are fully funded to complete the drilling of three follow-up pilot wells, Shenandoah South 4, 5, and 6. Those wells will be drilled in second half of 2025, targeting flood of the SS4H well in early July. Following a review of the previous two wells that we have drilled off the same well pad, Shenandoah South 2 and 3, we will be targeting a 25-day spud to TD timing and demonstrating an increased co...