Company Overview

Tamboran Resources Corporation is an independent energy company focused on the exploration, appraisal, and development of unconventional natural gas resources. The company operates primarily in the upstream oil and gas industry, with a strategic emphasis on large-scale shale gas development to supply domestic and international energy markets. Its core business centers on identifying and commercializing low-cost natural gas resources intended to support energy security and the energy transition.

The company’s principal assets are located in Australia’s Beetaloo Sub-basin, where Tamboran has assembled a substantial acreage position and positioned itself as a potential long-term supplier of natural gas to Australian and Asian markets. Founded in 2009, Tamboran initially pursued international shale opportunities before consolidating its strategy around Australia, particularly following regulatory changes and increased government support for gas development in the Northern Territory. Over time, the company evolved from an early-stage explorer into a more advanced appraisal and development-focused operator.

Business Operations

Tamboran’s business operations are primarily organized around its upstream exploration and development activities in unconventional gas. The company generates value through the drilling, testing, and appraisal of shale gas wells, with the long-term objective of transitioning to commercial production. Its operations are currently pre-revenue, with financial performance driven by capital raising, asset development milestones, and farm-out or joint development arrangements.

The company operates through key subsidiaries, including Tamboran B2 Pty Ltd and Tamboran NT Pty Ltd, which hold interests in its Beetaloo Basin acreage. Tamboran utilizes horizontal drilling and hydraulic fracturing technologies tailored to shale formations, drawing on technical expertise developed in North American shale basins. The company has entered into strategic partnerships and joint venture arrangements with industry participants to share development risk and technical knowledge, including acreage-level collaborations within the Beetaloo Sub-basin.

Strategic Position & Investments

Tamboran’s strategic direction is centered on establishing the Beetaloo Sub-basin as a globally competitive shale gas province. Its growth initiatives focus on progressing from appraisal to development-ready status through drilling campaigns, resource certification, and regulatory approvals. The company has made targeted investments in infrastructure planning and technical studies to support scalable gas production and potential LNG-linked export pathways.

A key component of Tamboran’s strategy has been portfolio consolidation and selective acquisitions of acreage to increase scale and operational control. Notable transactions include the acquisition of additional Beetaloo Basin interests from Origin Energy Beetaloo Pty Ltd, which expanded Tamboran’s net acreage and resource potential. The company is also actively involved in emerging sectors related to low-emissions gas development, emphasizing natural gas as a transition fuel and highlighting the potential for lower carbon intensity compared to alternative supply sources.

Geographic Footprint

Tamboran’s operational footprint is concentrated in Australia, with its core activities located in the Northern Territory, specifically the Beetaloo Sub-basin. The company’s headquarters and primary operational decision-making functions are split between Australia and the United States, reflecting its dual listing and international investor base.

While current field operations are Australia-focused, Tamboran maintains a strategic outlook that includes potential supply to Asia-Pacific energy markets. Its U.S. presence supports capital markets access, technical expertise, and investor relations, particularly following its listing on the NYSE American. The company does not currently report producing assets outside Australia, and its international influence is primarily commercial and financial rather than operational.

Leadership & Governance

Tamboran is led by an executive team with experience in unconventional resource development, capital markets, and large-scale energy projects. The leadership emphasizes disciplined capital allocation, technical rigor, and positioning natural gas as a critical component of energy security and decarbonization strategies. Governance practices align with public company standards in both Australian and U.S. markets.

Key executives include:

• Joel Riddle – Executive Chairman
• Shane Laing – Chief Executive Officer
• Richard Moir – Chief Financial Officer
• David Leckie – Non-Executive Director
• Gregory Buck – Non-Executive Director

The board and management collectively guide the company’s long-term strategy, with a stated focus on responsibly developing large-scale gas resources while engaging with regulators, local communities, and institutional investors.