Question · Q4 2025
Charles Mead of Johnson Rice & Company L.L.C. inquired about the expected conclusion timeline for Tamboran Resources' ongoing farmout process, seeking clarification on whether the Q1 2026 target is for announcement or completion. He also asked for any new insights or explanations regarding the "strange but welcome" inclining production behavior observed in the SS2H well between days 60 and 90, specifically if a different sand source was a factor.
Answer
Dick Stoneburner, Chair & Interim CEO, indicated that Q1 2026 is a reasonable expectation for announcing a conclusion to the farmout process, acknowledging the variability in timing due to multiple parties involved. Regarding the SS2H well's unique production, Stoneburner dismissed sand source as a likely explanation. He suggested two primary factors: the unique geological fabric of the Beetaloo Basin's rocks (four times older than North American shales) and potential reservoir engineering explanations related to flowback, noting that more data from production would be needed to fully understand the decline profile.