• Record IP20 flow rate of 10.3 MMcf/d from Shenandoah South 6H well
• Sturt Plateau Compression Facility 88% complete, on track for Q3 2026 commissioning
• Raised US$188 million in April 2026 capital raise, now funded for 2026-2027 programs

Tamboran Resources Corporation delivered a strong third quarter, highlighted by record initial production from the Shenandoah South 6H well, continued progress on the Sturt Plateau Compression Facility, and a successful US$188 million capital raise. In March 2026, Tamboran announced a farm-down of 10,000 acres to Daly Waters Energy, LP, providing a capital-efficient pathway to progress the Pilot Area and Beetaloo Central Development Area. The Shenandoah South 6H well delivered a record average 20-day initial production flow rate of 10.3 million cubic feet per day, further demonstrating the high quality of Tamboran's Beetaloo West acreage. Construction of the Sturt Plateau Compression Facility, a 50/50 joint venture with Daly Waters Infrastructure, remained on track, with 88% completion by the end of April 2026. The facility is expected to commence commissioning in Q3 2026, subject to global economic conditions. Tamboran's 2026 Beetaloo Basin program is expected to commence imminently, including the stimulation of the SS-3H, -4H and -5H wells and the drilling of the SS-7H and -8H wells. The company successfully completed a US$188 million capital raise in April 2026, comprising a US$119 million public offer, a US$61 million institutional entitlement offer, and a US$18 million retail entitlement offer. This positions Tamboran with a pro forma cash balance of US$298 million to fund its proposed 2026 and 2027 programs.

Following the April 2026 capital raise, Tamboran is funded for the proposed 2026 and 2027 programs to deliver first gas and delineate gas resources across the Beetaloo West and East acreage.

Tamboran is well positioned to continue advancing one of Australia's most significant onshore gas resources, with a strengthened balance sheet, high-quality acreage and a clear line of sight to near-term catalysts.