Member Info for WetWater

Hardrock: I haven't seen the seismic, but I guess they can also take a look at the Kyalla - might give them a little more insight when they do revisit the Kyalla. This formation holds a lot of potential at a shallower depth. Just need to stay away from the ocean!

Hardrock_F: Thanks for your thoughts. 1) Do you know what type of proppant was used in the Empire wells? 2) If the Santos/Tamboran wells about the same expected depth as the Shenandoah SS1 would you know what proppant was used in those wells? Just wondering what Tamboran's options might be in this remote location. 3) Is the Moroak Sandstone thicker - you mentioned tougher drilling. 4). Comment: I don't know the exact location of this next well, but it possibly could drill through the Hayfield Sandstone - that might be interesting is they would at least DST that zone.

Just some random questions while we wait for this next well to be drilled in September(?)

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Thanks Again for your input.

Newtofo: Nice Digging - some of those articles go way back. I have wondered from time to time the history of the Shenandoah well. I suspect Riddle's 17 TCF in place figure comes from a reservoir engineer's interpretation/study of the isopach maps/seismic and well data from the Amungee 1H/2H, the Kyalla #117 and the old Shenandoah well. I suspect a mid-point well between the Amungee and Kyalla locations could certainly prove-up the area in-between. It would be a good location for the second well this year but it likely carries more risk than an Amungee 3H well that is a 10km step out from the 1H/2H pad. At this point, with stretched cash flow, I suspect Tamboran/Falcon may be a little too risk adverse for a mid-point well (along with the additional road access expense).

BorntoBoogie: I think you summed it up correctly. Some of these analysts are a bit out of touch with the companies they are analyzing. Just another indication that you can't believe everything you read - even from those that should be in the know! I thought there was a typo in the year when in fact these guys are just out of touch with their client's business plans.

Newtofo: What do you make of the following: "There is also a well (SNV1)planned between Amungee and Shenandoah in 2023: TBN believes this trendcould contain 17tcf of recoverable gas" This makes it sound like another well is planned for 2023? I suspect 2023 is incorrect and should be 2024?

Sinceday1: You forget that Tamboran is drilling this well - not FOG. If you think this is a snail's pace you may be in the wrong investment - you obviously don't understand the logistics of drilling wells out in the middle of friggin no-where. Even in the states and for infield drilling these wells take at least 60 days to drill and frack.

I would suggest maybe a snow cone stand investment for you - they hand those treats out the window pretty quick :^)

Sinceday1: We don't know Tam's drilling schedule other than the first well to be spudded in August - but I am thinking the big H&P might be able to drill the hole a little faster - may not make much difference at this point. If a well takes about 90 days to drill and frack then maybe they drill the Shenandoah in about 60 days()?) and then another 30 days to frack. After the Shenandoah is drilled/cased they can release the rig and move it back up to the Amungee for the 3H well. I can see where they should be able to drill these next two wells in 2023 but I suspect we won't see any flow rates on the 3H well until 1st qtr 2024. Just my best guess!

Smallfish: I truly don't understand your point on the CEO and drilling a well to screw Falcon over? Tamboran doesn't throw $40 million dollars down the hole to screw someone over especially when it put their raise in such a tough spot. The Amungee 2H was a really prime location being on the same pad as the 1H well with a normalized rate of 5.5 mmcf/d. Geology in the Amungee area was not the problem - it was Riddle/company trying to maximize the production flow by changing up some frack fluids and it came back to bite them in the butt. These guys were doing what they thought best but sadly it didn't work out. If you want to point the finger at anyone, then it would be the completion engineers/lab that screwed up. I would have thought the lab would have done a thorough analysis on the effects of a new frack fluid on the shale before beginning the job, but then again, I'm not an engineer and it may have just been an unpredictable outcome. It is what it is and to now try to make a conspiracy out of a bad completion job is kind of crazy. Sorry if I misinterpreted your comments.

Sinceday1: The next well will be on the same pad as the Kyalla #117. However this well will drill through the Kyalla into the Velkerri B shale which is much deeper horizon than the 2H Velkerri B well. Tamboran's deeper wells have been more productive than their shallow wells being in a deeper, higher pressure formation. This well will spud in August and the big H&P rig will be drilling the hole. I believe I heard POQ say they will drill a vertical test hole first to evaluate the exact depths of the Velkerri - then they will drill the 1000 meter horizontal lateral.

thanks hrf - yes, i am talking out of my ****. i didn't think it would really be that easy or the lab would have likely suggested it. i think we move on for the time being and come back when cash flow permits - kind of like the kyalla!

Jhealy: All of us except Mr. Darnit :^) ;^)

The rest of us diehards are in good shape. Personally, I am not that concerned with the current disconnect between Tam and FOG stock prices. I am in Falcon for the eventual asset sale - we will receive our full evaluation for Falcon's 22.5% at that time.

My hat is off to Tamboran - I suspect the market's perception of the Beetaloo is better today than last week. Tamboran did a great job of throwing out a lot of news releases that were not really relative as of today while painting a bright future of the Beetaloo's potential - that will eventually be money in our pocket.

As far as the 2H we will see what the lab comes up with. The optimistic (Riddle's) take is that it will clean up - but in reality, unless it is an easy fix, the cash flow at this time demands that it be sidelined until after the next two wells are drilled. As Philip indicated, there is no way to currently get 2H gas to market so clean up is not a priority and it will be put on the back-burner for the time being. Maybe Empire has our acid soak solution :^)

GLA

Newtofo: I thought it was interesting that Philip indicated Tamboran will be consulting a lot more closely with Daily Waters on these next wells. Sounds like BS has stepped in and demanded more input going forward.

Sandtdune: The next planned Shenandoah well will be a 1000 meter horizontal test well - Falcon will be covered for that well (with a cap of course) by the Tamboran JV agreement. The next well in 2023 will be on Falcon's checkbook. Then in 2024 Tamboran is obligated to cover $6 million of each of two wells (about 50% of each wells cost). It will be latter of 2024 before Falcon has to face another raise.

Newtofo: I have been told the lab has a pretty good idea of what went wrong. POQ indicated he would update us on the lab analysis in July. These guys will get this figured out. You want a sure thing - just go back to the exact protocol on the 2H well - the market/Tamboran would be thrilled with 5 mmcf/d . That is the shame of all this - if they had just stuck with what they were doing it would be a completely different story today. If the new completion protocol had worked, we would be celebrating my 6+ mmcf/d I was wishing for - :^) But then again I would be happy with 5+.

As for Tamboran/Riddle - I would expect Sheffield will demand whatever steps need to be taken in that regard. Riddle is not my favorite manager but I am not going to sell out of the Beetaloo for a big loss because of Joe. I suspect all this drama will come to pass. Sheffield/Shell/BP or someone possibly takes a position/increase position in Tamboran. These wells will be drilled this year. The Australian government/NT are not going to put this on the back burner after all their spending on infrastructure and promoting this field.

Everybody take a deep breath!

Newtofo: with the strong backing ot he Feds and NT these well will be drilled this year. I think Sheffield will see to that - he may end up with a much larger position in Tamboran. Will Riddle still be at the helm? He plays fast and loose and may be losing the trust of the capital markets. I think Riddle halting the stock is not going to play well.

Somm: Hardrock might know better but I think with this big rig they can easily drll the horizontals in a couple of months 90 days for drilling and fracking. Logistics is an issue but with planning ahead the drilling of these wells will be more efficient.

Somm: I'm pretty sure they will be drilled one at a time using the big H&P rig. Tamboran has a contract with H&P and I'm pretty sure they will maximize use of that equipment. Once they drill some of these wells, they know the parameters and can drill them faster. I'm of the opinion that they go back to using the frack protocols they used on the 1H well - that well was successful. Had they done that we would be sitting on a 2H flowing 5.5 mmcf/d and the picture for Tamboran would be much brighter. These guys will get it figured out as things go forward. Fracking a new formation is a learning experience and mistakes offer even a quicker learning curve!

I am hearing they pretty much know what went wrong. The skin problem should be in the past.

A Little More Detail on Trading Halt:

The Manager

ASX Market Announcements Office

ASX Limited

Exchange Centre

20 Bridge Street

Sydney NSW 2000

Via email: Companies_Sydney@asx.com.au

Tamboran Resources Limited (ASX: TBN) – Request for Trading Halt

Tamboran Resources Limited (ASX: TBN) (Tamboran) requests an immediate halt in the trading

of its securities under ASX Listing Rule 17.1, for the purpose of considering, planning and

executing a capital raising (Capital Raising).

In accordance with ASX Listing Rule 17.1, Tamboran provides the following information regarding

this request:

• Tamboran requests that the trading halt remain in place until the earlier of commencement of

normal trading on Tuesday 27th June 2023 and when the anticipated announcement regarding

the Capital Raising is released to the market, whichever is the earlier;

• the event that Tamboran expects will end the trading halt is the announcement referred to in

paragraph 1 above; and

• Tamboran is not aware of any reason why the trading halt should not be granted or of any

other information necessary to inform the market about the trading halt.

This request has been authorised by the Board.

Hardrock: This is probably not a fair question at this point but can the vertical portion of well be reused by cutting a window for a new horizontal leg. At least it would save some drilling time and casing. Maybe they need to go back to the 1H t12 stage frack and see if we can get back to 5 mmcf/d.! While we are on the pondering, maybe they need to mirror the whole1H frack job!

Bet they come up with some kind of solution even if it's redrilling the verticle also.

Newtofo: I think you are correct - this was material news for Tamboran and Falcon. Tamboran may have been reluctant to release as they are currently in a raise. In their opinion the completion was not yet complete, but I suspect that Philip felt that this was a material event that should be released to his stockholders. I agree with Philip on it being material and releasing the news. I suspect all is not good with the Tamboran/JV partnership - juniors aren't supposed to jump out ahead on releases but in this case I think Philip did the right thing. They have had to know about this issue since the first part of May - if they don't have a solution yet then one is not just on the horizon - the news needed to be released.