Santos’ FY’25 results represent a positive read-through for Tamboran (“TBN”), further de-risking both the scale and commercialisation pathway of its Beetaloo position, in TBN’s secondary area of focus – EP 161 (25% working interest). Santos plans to drill and fracture 2–3 new producer wells in 2026 with extended flow testing, with the objective of delineating ~5tcf of gross 2C contingent resources across EP 161 (1.25tcf net to TBN), which will provide a clear pathway to formal resource booking. ....
