Beetaloo or bust: the route to commercial success for an Australian shale play, page-21

This East Coast gas poker game is made all the more interesting given the Darwin LNG option and goal alignment with NT Government (jobs and royalties).

Hannam analysts summed it well. The Texans at TBN hold all the cards and hell don’t they know it!

“Tamboran has strategically positioned itself to maximise the value of its gas. This approach provides flexibility, enabling it to avoid being locked into a single project and fostering competition for its gas. Given the increasing strategic importance of gas in Australia, as evidenced by recent high-value asset transactions and impending domestic shortages, TBN's substantial Beetaloo gas resource, both in terms of size and location, holds the potential to be a gamechanger.

TBN possesses a multitude of options for monetising its gas in the medium to long term, which is especially valuable considering the limited alternatives for new Australian supply. The East and southeast regions of Australia exhibit significant domestic gas demand, while LNG facilities on the east coast require additional gas supplies. Furthermore, there are opportunities for brownfield and greenfield expansion in the Darwin area, further enhancing TBN's potential in the gas market.”

Hannam Partners, September 2023