Highlights

  • Tamboran Resources commenced gas commissioning activities at the Sturt Plateau Compression Facility.
  • The SPCF is designed to process up to 50 TJ/d of gas from the Shenandoah South Pilot Area.
  • The Facility has a 40 TJ/d contracted gas Supply agreement with the Northern Territory Government.
  • Construction remains on schedule and within the P50 gross budget of A$141 million.
  • Tamboran Resources was trading at AUD 0.28, unchanged at 0.00%, during the morning Trading session on 2 September 2026.

Tamboran Resources Corporation (ASX:TBN) has commenced gas commissioning activities at the Sturt Plateau Compression Facility (SPCF), marking a key step in progressing gas delivery from the Shenandoah South Pilot Area to the Northern Territory gas market.

The SPCF Trust, a 50/50 joint venture between Tamboran Resources and Daly Waters Infrastructure, LP (DWI), has started commissioning the facility using gas supplied from wells located on the Shenandoah South 2 (SS2) pad.

Tamboran Resources (ASX:TBN) was trading at AUD 0.28, unchanged at 0.00%, during the morning trading session on 2 September 2026. The company remains up 55.56% over the past year, increasing by AUD 0.10 during the period.

SPCF Commissioning

The commencement of commissioning activities follows the completion of key development work at the Sturt Plateau Compression Facility.

The SPCF represents the main processing infrastructure required to deliver gas from the Shenandoah South Pilot Area into the Northern Territory gas market.

The facility has been designed with processing capacity of up to 50 terajoules per day (TJ/d) of gas, with 40 TJ/d contracted under a long-term gas sales agreement (GSA) with the Northern Territory Government.

Tamboran said the commissioning phase involves using gas from wells on the Shenandoah South 2 pad, with the facility moving towards operational readiness.

Gas Supply Agreement

Under the long-term gas sales agreement, Tamboran is expected to supply gas to the Northern Territory Government.

The contracted Volume of 40 TJ/d is equivalent to approximately 38.8 million cubic feet per day (MMcf/d), with the agreement extending for up to 14 years.

During the commissioning period, the Beetaloo Joint Venture (BJV) will sell gas to the Northern Territory Government at a discounted rate under the GSA, consistent with industry practice during commissioning activities.

The company said the SPCF is the critical infrastructure required to support gas delivery from the Shenandoah South Pilot Area.

Project Progress

Tamboran confirmed that construction of the SPCF remains on schedule and within the P50 gross budget of A$141 million, equivalent to approximately US$99 million.

The facility is owned by the SPCF Trust, which is equally owned by Tamboran Resources and Daly Waters Infrastructure, LP.

The commissioning milestone follows the drilling, stimulation and tie-back of all five wells on the Shenandoah South 2 pad to the facility.

Tamboran said the project team, partners and contractors have delivered the facility according to the planned schedule and budget.

Beetaloo Basin Development

The SPCF forms part of Tamboran’s broader strategy to develop Natural Gas resources in the Beetaloo Basin in the Northern Territory.

Tamboran is focused on an integrated approach to exploration and production activities across the basin, where the company holds approximately 2.8 million net prospective acres.

The company said the Beetaloo Basin has the potential to support future energy supply requirements, including gas Demand within Australia and the Asia Pacific region.

Tamboran’s operations are centred on developing gas resources while establishing infrastructure required for commercial delivery.

Management Commentary

Tamboran Resources Chief Executive Officer Todd Abbott said commissioning of the Sturt Plateau Compression Facility with gas from the SS2 well pad represented an important milestone for the company and the Beetaloo Basin.

Mr Abbott credited the Tamboran team, partners and contractors for delivering the project on schedule and within budget.

“With all five wells on the Shenandoah South 2 pad drilled, stimulated and tied back to the facility, we look forward to imminently delivering first gas sales of up to 40 TJ/d to the Northern Territory Government under our long-term gas sales agreement,” Mr Abbott said.

He added that the Beetaloo Basin is positioned to contribute to future energy supply and economic opportunities in the Northern Territory.

Investor Takeaway

Tamboran Resources’ latest update highlights progress at the Sturt Plateau Compression Facility as the company moves closer to delivering gas sales from the Shenandoah South Pilot Area. Investors may continue watching the completion of commissioning activities, commencement of contracted gas deliveries, operational performance and further development of the Beetaloo Basin assets.

The company remains focused on advancing its integrated natural gas development strategy in the Northern Territory.