Investor Presentaiton

Tamboran Highlights Focused Strategy on Developing Clean, Low Cost, Gas Resources from the Beetaloo Sub-basin 00 Target is to become a Net Zero Emissions Producer -Targeting development of clean, low CO2 gas from the Beetaloo Sub- basin. -Committed to integrating renewables and carbon offsets to become a net zero gas producer when the company initiates first gas sales. Focused "Core Beetaloo" Strategy Strategy focused solely on accelerated commercialisation of the Beetaloo Basin. High-Quality Assets with Scale and Multiple High Impact Wells Planned · Tamboran's licenses located in the heart of the 'Core Beetaloo'. _ Net prospective resources in EP161 & EP136 of 31 TCF, to be tested by drilling program commencing April 2021.(1) Low-Cost Development Targeting Multiple Markets, Premium Pricing - - Targeting early gas deliveries (up to 15 PJ/y) to local NT markets as soon practible. JV with Jemena targeting Beetaloo pilot development (40 PJ/y) to domestic markets by YE2025 Expertise in Unconventional E&P Development Board and management have deep technical knowledge and operational experience in developing and commercialising large scale unconventional gas assets in the United States. Note: 1- Refer to NSAI March 2021 resource assessment. Acquisition of EP 136 target completion on 14-May 2021, 2- Refer to slide 15 for cost breakdown. All costs in presentation are in AUD unless stated otherwise. 4

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