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Tamboran Resources — 1Q FY27 Earnings Summary

  • Generated US$1.8 million in revenue with net production of 0.31 Bcf (24.8 MMcf/d average); pro forma cash balance stands at US$180 million, while SPCF construction finished US$10 million under budget.
  • First gas sales achieved on time and within budget, with SS2-2H ST1 well IP30 rates showing a ~50% increase versus 2025 testing; a Take-or-Pay contract is forecasted to commence in 1Q FY27 to guarantee 40 TJ/d revenue.
  • SPCF commissioning targeted for 4Q FY27, with SS1 pad well stimulation planned for 4Q FY27/1Q FY28 and a four-well non-operated program with DWE/INPEX scheduled for 2Q FY28.
  • Completed acquisition of Falcon Oil & Gas subsidiaries and executed farmouts for the Pilot Area and BCDA with DWE/INPEX, alongside announced acreage sales and realignment agreements with Daly Waters Energy, LP.
  • Current revenue remains constrained by Northern Territory Government nominations, though 98% of nominations were met between September 5 and October 31, 2026.
Company
TAMBORAN RESOURCES CORP
Sector
Energy
Industry
Oil & Gas E&P