• Appointed Todd Abbott as CEO with over two decades of upstream experience
• Completed first batch of Beetaloo Basin well drilling and stimulation
• Preparations underway for 2026 drilling and stimulation program

Tamboran Resources Corporation reported its 2Q FY26 results, highlighting several key developments. The company appointed Todd Abbott as the new CEO, who brings over two decades of upstream experience with a strong record of operational leadership, capital discipline, safety, and stewardship. The company completed the first batch of drilling in the Beetaloo Basin, with all three wells successfully drilled by H&P with a 10,000-foot horizontal section. The SS-6H well was stimulated with 58 stages using the Liberty Energy frac fleet. Preparations are underway to commence the 2026 drilling and stimulation program, including plans to drill the SS-7H and -8H wells on the SS1 pad and stimulate the SS-3H, -4H, and -5H wells on the SS2 pad. The Sturt Plateau Compression Facility (SPCF) construction is 78% complete and on schedule and budget, with the APA-operated Sturt Plateau Pipeline (SPP) construction also completed, including successful strength and hydro testing. Additionally, the company plans to drill two wells on the EP 161 acreage (Tamboran 25% non-operator) to further delineate the resource within the Beetaloo East depocenter. Tamboran reported a pro forma cash balance of approximately US$137.9 million, including the cash balance as of December 31, 2025, and near-term inflows.

Tamboran is planning its most active year in the Beetaloo Basin in 2026, with key catalysts including IP30 flow testing of the SS-6H well, stimulation of the SS-3H, -4H, and -5H wells, drilling of the SS-7H and -8H wells, and the target of first gas sales from the SS Pilot Project in 3Q 2026.