Tamboran Resources (ASX:TBN, NYSE:TBN) is pushing ahead with the commercialisation of the Beetaloo Basin, one of the world’s largest undeveloped gas resources, located in Australia’s Northern Territory. In this presentation, CEO Joel Riddle details a three-phase strategy beginning with a 40 MMcf/d pilot project backed by a 15-year take-or-pay gas sales agreement with the NT Government. First production is targeted for mid-2026, with infrastructure already arriving in Darwin and Brisbane for pipeline and compression construction.
The company’s latest well, Shenandoah South 2H ST1, delivered a record 30-day flow rate of 7.2 MMcf/d—more than double earlier wells and comparable to top-performing Marcellus shale wells in the US. These results confirm the success of Tamboran’s “US-style” completion designs and underline the productivity potential of Beetaloo shale gas. Upcoming wells SS-3H to SS-6H will apply these learnings, with plans to complete stimulation and flow testing by early 2026.
Tamboran’s second phase targets 1 Bcf/d of gas to the East Coast market via a new high-pressure pipeline, developed in partnership with APA Group. The company has already secured non-binding agreements with six East Coast gas retailers for up to 875 MMcf/d. Regulatory approvals and final route selection are underway, with a view to pipeline sanctioning by mid-2027 and gas delivery by 2029.
To support this growth, Tamboran raised US$70m in equity and is finalising debt tied to its pilot compression facility. A farmout process for 400,000 acres in the Phase 2 Development Area is also underway, targeting a major E&P partner. “We’re laser-focused on securing domestic energy supply in the near term—and long-term, tapping export markets with LNG,” says Riddle.
Watch the full presentation to hear more about Tamboran’s Beetaloo strategy and timelines.
