Tamboran Resources Business Summary

Tamboran Resources Corp (TBN) is an independent energy company primarily focused on the exploration and development of unconventional natural gas resources within the Beetaloo Basin of Australia’s Northern Territory. The company’s business model centers on the appraisal and eventual commercialization of its massive 1.9 million net prospective acre position, aiming to generate revenue through the sale of low-CO2 natural gas to the Australian domestic market and international LNG export terminals. Currently in the transition from exploration to the development phase, its primary business segments are categorized by its working interests in key exploration permits, including EPs 76, 98, 117, and the 100% owned EPs 136 and 143. TBN competes with other independent E&P firms such as Crescent Energy, Northern Oil and Gas, and Beach Energy. As the largest acreage holder in the Beetaloo Basin, Tamboran positions itself as a high-leverage, pure-play developer of one of the world’s last remaining major shale frontiers. The company is led by Chief Executive Officer Todd Abbott, who assumed the role in January 2026 following a distinguished career as COO of Seneca Resources and senior leadership roles at Marathon Oil and Pioneer Natural Resources. He is supported by Chief Financial Officer Eric Dyer and Chief Operating Officer Faron Thibodeaux, the latter of whom brings extensive unconventional experience from Apache Corporation. The Board is chaired by Richard Stoneburner, a co-founder of Petrohawk Energy and a pioneer in the U.S. shale revolution. Tamboran’s strategic direction is heavily influenced by a high-pedigree investor base and board, which includes Scott Sheffield (founder of Pioneer Natural Resources) and his son Bryan Sheffield, the company’s largest shareholder. Notable institutional backing includes a strategic investment from Baker Hughes and significant positions held by Longview Petroleum, reflecting strong industry confidence in the company’s technical execution and the Beetaloo’s commercial viability.