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Tamboran focuses on Beetaloo Basin

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It’s no wonder that the company, which is the largest acreage holder in the Beetaloo Basin, is concentrating its strengths on its acreage portfolio in the Beetaloo/McArthur Basin in the Northern Territory.

Tamboran Resources has approximately 1.9 million net prospective acres, held through 100 per cent owned properties and two joint ventures (JV) – one with Santos and the other with Falcon Oil & Gas and Daly Waters Energy LP (Sheffield).

Through these interests, the company holds net 2C contingent resources of approximately 1.5 trillion cubic feet (TCF).

The Tamboran/Sheffield join venture has entered into a binding 10-year Gas Sales Agreement (GSA) for up to 36.5 petajoules (PJ) per annum with Origin, Australia’s leading energy retailer.

The Beetaloo Basin is proximal to a major industrial hub which enables relative logistical and operational luxuries, like close access to key infrastructure through roads, a pipeline and a railway.

Its location means efficient access to Australian markets and beyond, with the northern port city of Darwin and the Eastern Seaboard of Australia to the east through Queensland.

In June 2022, the company executed a memorandum of understanding (MoU) with gas pipeline operator, Jemena, to enable Tamboran to contract 100 terajoules (TJ) per day of firm capacity through the Northern Gas Pipeline (NGP), subject to applying NGP access principles, under a long-term gas transportation agreement.

EP 98, EP 117 and EP 76 are held in a JV with Tamboran holding a 38.75 per cent interest and is the operator. The other JV partners are Daly Waters Energy LP, an entity associated with Bryan Sheffield.

EP 161 covers approximately 10,500 km2 and is positioned in the core of the Beetaloo Sub-Basin. Tamboran was granted this exploration permit directly from the Northern Territory government and subsequently completed a farm-out with Santos in 2012.

EP 136 covers approximately 4,230 km2 and is positioned in the core of the Beetaloo Sub-Basin. Tamboran acquired EP 136, EP 143 and EP(A) 197 permits through the acquisition of Sweetpea Petroleu, a wholly owned subsidiary of Tamboran Resources.

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