Beetaloo Basin Development & Resources - Tamboran controls approximately 1.9 million net prospective acres in Australia's Beetaloo Basin[26, 28] - The Beetaloo Basin has over 5,000 potential drilling locations across a single bench, with potential for >16,000 locations across 3 benches[29, 32] - Tamboran is progressing towards a farmout of ~400,000 acres in the Phase 2 Development Area[16, 33] Production & Well Performance - The Shenandoah South 2H ST1 (SS-2H ST1) well achieved a record Beetaloo Basin IP90 flow test of 6.7 MMcf/d[15, 54, 55] - The SS-2H ST1 well has a 5,483 foot (1,671 m) horizontal section[53, 55] - The initial Shenandoah South Pilot Project aims to deliver 40 TJ/d (~39 MMcf/d) of gross production[16, 64, 87] Market & Infrastructure - Tamboran has a take-or-pay Gas Sales Agreement (GSA) with the Northern Territory Government for 40 TJ/d (~39 MMcf/d) until mid-2041[74, 94, 117] - The Sturt Plateau Pipeline (SPP) will have a design capacity of 50 TJ/d (~49 MMcf/d), expandable to 100 TJ/d (~98 MMcf/d)[109, 111, 112] - The East Coast gas market is anticipated to have a >1 Bcf/d shortfall from the early 2030s[35, 74] Cost Reduction & Partnerships - Tamboran is targeting ~50% reduction in drilling & completion costs with continuous operations[75] - The company has secured local sand for upcoming completions at ~US$0.07/lb, a ~70% reduction compared to 2024 imported sand costs[86]