Fourth Quarter Activities for period ended June 30

Key points

• First gas sales from Beetaloo Basin into NT gas network
• Largest stimulation program in Beetaloo Basin completed
• Sturt Plateau Compression Facility completed on time and under budget
• Acquisition of Falcon Oil & Gas Ltd. completed
• Cash and expected near-term inflows of US$240 million

Full summary

Tamboran Resources Corporation announced significant milestones in the fourth quarter ended June 30, 2026. The company, as operator, and its joint venture partner Daly Waters Energy, became the first to deliver gas sales from the Beetaloo Basin into the Northern Territory gas network. The Beetaloo Joint Venture successfully completed the largest stimulation program in the Beetaloo Basin, stimulating three wells across 178 stages. The Sturt Plateau Compression Facility was completed on time and approximately US$9 million below the forecasted budget. Additionally, Tamboran completed the acquisition of Falcon Oil & Gas Ltd. in May 2026. As of June 30, 2026, Tamboran had cash and expected near-term inflows of US$240 million.

Outlook

Tamboran aims to turn achievements into sustained operating performance, focusing on completing commissioning, production testing, and reaching plateau production of 40 TJ/d.