Tamboran Resources Corporation issued a Current Report on Form 8-K on November 12, 2026, announcing the financial and operating results for the quarter ended September 30, 2026. The filing includes an attached earnings presentation and press release detailing the company's progress on its Shenandoah South Pilot Project in the Beetaloo Basin.
The presentation highlights that Tamboran has transitioned into a production company, having achieved first gas sales in September 2026. The company reported net production of 0.31 billion cubic feet (Bcf) for the quarter, with an average gross daily volume of approximately 24.8 million cubic feet per day (MMcf/d). Tamboran’s net share of this production was 51.05%.
Key performance metrics for the quarter included US$1.8 million generated from gas sales and a pro forma cash balance of approximately US$180 million, which includes US$165 million in cash at September 30, 2026, and US$15 million in near-term inflows. The company also noted that it met 98% of Northern Territory Government nominations, demonstrating strong performance against its Service and Processing Contract for Gas (SPCF).
Well performance data from the Shenandoah South Pilot Project was presented, showing that SS2-3H and SS2-5H wells achieved initial 30-day production rates (IP30) of 8.8 and 10.0 MMcf/d, respectively. The SS2-2H ST1 well delivered an IP30 of 10.2 MMcf/d over a lateral length of approximately 5,500 feet, which management noted was 50% higher than testing conducted in 2025. The company stated that these results confirm the deliverability of Velkerri B Shale wells and suggest that deliverability improves as stimulation water is recovered.
Tamboran outlined its strategic partnerships with Helmerich & Payne, Liberty Energy, and Baker Hughes to accelerate the incorporation of lessons learned from the U.S. shale industry. The company also reported that it has completed the drilling of three wells on the SS1 pad and is continuing a non-operated two-well appraisal program on EP 161.
The presentation includes forward-looking statements regarding future production, capital allocation, and the timing of infrastructure completion. The company noted that gas sales are currently constrained by Northern Territory nominations and that wells experienced short-term interruptions due to facility downtime.
