• First approval granted by NT Govt. under new Beneficial Use of Gas (BUG) legislation
• Tamboran secures all necessary approvals to sell gas from Shenandoah South Pilot Project
• Gas sales of up to 40 TJ per day to NT Govt. under binding Gas Sales Agreement expected to commence in mid-2026

Tamboran Resources Corporation has received approval from the Northern Territory Government (NTG) to sell appraisal gas from its exploration permits in the Beetaloo Basin under the Beneficial Use of Gas (BUG) legislation. This is the first approval granted by the NTG through the new BUG legislation and follows the recent consent from Native Title Holders for the sale of up to 60 TJ per day from the Shenandoah South (SS) Pilot Project over a three-year period. The Beetaloo Joint Venture (BJV) now holds all necessary approvals to sell gas from the SS Pilot Project, with the project aiming to begin gas sales of up to 40 TJ per day to the NTG under a binding Gas Sales Agreement (GSA) commencing in mid-2026, subject to weather conditions. Drilling of the three remaining wells required for plateau production for delivery into the GSA is progressing, with the intermediate section completed on all three wells. Tamboran is currently drilling the horizontal section in the Mid Velkerri B Shale at the SS-5H well. Stimulation of the SS-4H well is planned for 4Q 2025, followed by a 30-day flow test before being connected to the Sturt Plateau Compression Facility (SPCF) for gas sales to the NTG.

Tamboran expects to begin gas sales of up to 40 TJ per day to the Northern Territory Government under a binding Gas Sales Agreement commencing in mid-2026, subject to weather conditions.