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tamboran RESOURCES ASX ANNOUNCEMENT Tamboran Resources Limited ( ASX : TBN ) Fourth Quarter Activities Report for period ended 30 June 2021 Highlights 30 July 2021 • Tamboran raised $ 61 million and completed an Initial Public Offering ( " IPO ” ) on the Australian Securities Exchange ( " ASX " ) . ⚫ EP 161 Tanumbirini 2H ( " T2H " ) drilling commenced in May and Tanumbirini 3H ( " T3H " ) drilling to follow the completion of T2H . • Fracture stimulation and flow testing to occur after the drilling of T3H with preliminary flow test results from 2H & 3H wells anticipated by year end 2021 . Tamboran Resources Limited ( ASX : TBN ) Managing Director and CEO , Joel Riddle said " We are excited to welcome our new shareholders who participated in our listing on the ASX . The reception , feedback and support that we received from investors reflects the quality and potential of our assets in the Core Beetaloo Sub - basin in the Northern Territory . " The listing was aided by the fact that we hit the ground running operationally with Santos , our joint venture partner in EP 161 with the commencement of T2H , our first high - impact horizontal well in May 2021 . " We are looking forward to an active second half of the calendar year which includes the completion of T2H , the drilling of T3H and the testing of both wells . The data and information we receive from this testing program will also aid in the design and implementation of our operated drilling operations in EP 136 , our 100 % working interest property located adjacent to EP 161 , in 2022 . " The Core Beetaloo Sub - basin is recognised as one of the highest potential natural gas resources in Australia with national significance . The natural gas discovered to date in the Beetaloo has low CO2 content and our assets have considerable potential to provide a new and considerable source of energy for Australia's energy needs as the country transitions to a lower emissions future . ” Tamboran Resources Limited ABN 28 135 299 062 110-112 The Corso Manly NSW 2095 , Australia +61 2 8330 6626 www.tamboran.com