SS-2H ST1 IP30 Flow Rate Webcast Presentation

• SS-2H ST1 achieved record Beetaloo Basin IP30 flow test of 7.2 MMcf/d
• SS-2H ST1 IP30 well performance in-line with average performance of >11,000 wells in the Marcellus Shale dry gas area
• Preparing to commence 2H 2025 drilling program (SS-4H/5H/6H wells) to deliver 40 MMcf/d first production from proposed SS Pilot Project in mid-2026

Tamboran Resources Corporation announced that its Shenandoah South 2H (SS-2H ST1) well achieved a record Beetaloo Basin IP30 flow rate of 7.2 MMcf/d over a 5,483-foot horizontal section, which equates to a normalized flow rate of 13.2 MMcf/d over 10,000 feet. This performance is in-line with the average of over 11,000 wells in the Marcellus Shale dry gas area. The SS-2H ST1 well was drilled to a total depth of approximately 16,182 feet, with a 5,483-foot horizontal section geosteered within a 65-foot window of high-quality, contiguous Mid-Velkerri B shale. The well was completed with 35 stimulation stages and an average proppant intensity of 2,710 lb/ft, which is 26% higher than the previous SS-1H well. The company plans to incorporate the lessons learned from the SS-2H ST1 well into the upcoming SS-3H, 4H, 5H, and 6H development wells to further optimize well performance and cost efficiency. Tamboran is preparing to commence its 2H 2025 drilling program, which will include the SS-4H, 5H, and 6H wells, with the goal of delivering 40 MMcf/d of first production from the proposed SS Pilot Project in mid-2026, subject to securing final stakeholder and regulatory approvals and favorable weather conditions.

Tamboran is preparing to commence its 2H 2025 drilling program, which will include the SS-4H, 5H, and 6H wells, with the goal of delivering 40 MMcf/d of first production from the proposed SS Pilot Project in mid-2026, subject to securing final stakeholder and regulatory approvals and favorable weather conditions.