- Tamboran Resources ended Q4 2025 with **US $45.2 million in cash** and **US $26 million in receivables**, totaling **$71.1 million**.  **[1997652_2158186_1]** **[1997652_2158186_2]**  The company is also progressing discussions to secure financing for the remaining **$70-80 million** needed for the SPCF construction.  **[1997652_2158186_1]** **[1997652_2158186_2]** **[1997652_2158186_9]** 
- The company announced **record flow rates** from the SS2H ST1 well, which showed a **2% increase** in flow over the final 30 days of testing without intervention, and commenced an aggressive three-well drilling campaign, achieving **record drilling speeds** on the second well.  **[1997652_2158186_1]** **[1997652_2158186_2]** 
- Tamboran is conducting a farmout process for approximately **400,000 acres** in the Beetaloo Basin, attracting strong interest, with a conclusion anticipated around **Q1 2026**.  **[1997652_2158186_1]** **[1997652_2158186_6]** **[1997652_2158186_7]** 
- Consent was secured from native title holders to sell appraisal gas for **three years**, and the SPCF compression and dehydration facility is on track for completion and commissioning in **mid-2026**, aligning with the commitment to commence gas sales by that time.  **[1997652_2158186_1]** **[1997652_2158186_2]** **[1997652_2158186_3]** **[1997652_2158186_10]** 
- The board was strengthened with the addition of **Mr. Scott Sheffield** and **Mr. Philip Pace** as Non-Executive Directors, and the search for a new CEO is expected to conclude before the end of the calendar year.  **[1997652_2158186_1]**

Tamboran Resources Reports Q4 2025 Results, Details Operational Milestones and Strategic Progress

- Tamboran Resources reported a cash balance of **US$45.2 million** as of **June 30, 2025**, with pro forma cash and receivables totaling **US$71.1 million**.  **[1997652_0001628280-25-042770_a250925fourthquarterfy25.htm:0]** **[1997652_0001628280-25-042770_a250925tamboran4qfy25res.htm:3]** 
- The company achieved record Beetaloo Basin **IP90 flow rates of 6.7 MMcf/d** from the SS-2H ST1 well and commenced the largest drilling program in the basin's history, successfully drilling the **SS-4H and -5H wells to target depth**.  **[1997652_0001628280-25-042770_a250925tamboran4qfy25res.htm:3]** **[1997652_0001628280-25-042770_a250925fourthquarterfy25.htm:0]** 
- Regulatory approval was secured from the Northern Territory Government in September 2025 to sell appraisal gas from the proposed Shenandoah South Pilot Project, with gas sales expected to commence in **mid-2026**.  **[1997652_0001628280-25-042770_a250925fourthquarterfy25.htm:0]** **[1997652_0001628280-25-042770_a250925fourthquarterfy25.htm:2]** **[1997652_0001628280-25-042770_a250925tamboran4qfy25res.htm:5]** 
- In July 2025, **Mr. Dick Stoneburner** was appointed interim CEO, and **Mr. Scott Sheffield** and **Mr. Phillip Pace** joined the board as Non-Executive Directors.  **[1997652_0001628280-25-042770_a250925fourthquarterfy25.htm:0]** **[1997652_0001628280-25-042770_a250925fourthquarterfy25.htm:3]**

Tamboran Resources (TBN)