ASX-Listed Gas Company Plans to Lead Global Energy Industry Transition to Low-Carbon Future

“It is a challenging environment in oil and gas, but we have found that there is very supportive investor demand for our net-zero Australian gas strategy. Our company is well-positioned to
deliver the first commercial development at the Northern Territory’s Beetaloo Sub-basin by 2025.”

Joel Riddle, Director & CEO, Tamboran Resources

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Executive Summary

Tamboran Resources (ASX: TBN) is a public natural gas company with a vision of supporting the net zero CO2 energy transition in Australia and the Asia-Pacific by developing low CO2 unconventional gas resources in the Northern Territory of Australia. In doing so, it intends to play a constructive leading role in the global energy transition towards a lower-carbon future.

Tamboran holds premium acreage in the highly prospective Beetaloo/McArthur basin. By commercialising resources, the company strategically addresses an expected domestic energy shortfall and acts as a feed supplier to existing Australian LNG plants. Its key assets include a 25% working interest in EP 161 and a 100% working interest in EP 136, EP 143, and EP(A) 197, all located in the Beetaloo Sub-basin.

Tamboran has established its headquarters in Sydney, Australia. It has a globally competitive management team that leverages deep industry experience and a wealth of knowledge regarding modern shale reservoir assessments and cutting-edge drilling and completion design technologies.

Investment Highlights

• The development in the Beetaloo Sub-basin has already received a high level of government and Northern Territory support. The Federal Government announced $50M in incentives for the industry to accelerate gas exploration and production in the area.
• Tamboran’s directors and management team have significant resources, financial experience, and deep knowledge of Tamboran, developed through effective management and control.
• Tamboran’s assets located in the core Beetaloo Sub-basin have a high potential.
• It is estimated that net prospective resources in EP 161 and EP 136 total approximately 31 Tcf. These resources consist of a 25% non-operating interest in EP 161 with an estimated 12 Tcf net prospective resource and a 100% working interest in EP 136 with an estimated 19 Tcf net prospective resource.
• The company can potentially work with Jemena (a company that owns and operates energy assets across the east coast of Australia) on an infrastructure solution that provides a commercial pathway to supply the domestic gas market in Australia.

Investment Offering