Tamboran Resources Limited has appointed Ms. Stephanie Reed and Mr. Ryan Dalton as Non-Executive Directors to the Board of company, effective 28 September 2023. Ms. Reed brings over 15 years of oil and gas experience and serves as Partner of Formentera Partners, the major shareholder of Tamboran's Beetaloo Basin joint venture partner, Daly Waters Energy (DWE), in EPs 76, 98 and 117. She was previously Vice President of Oil & Gas Marketing & Midstream at Pioneer Natural Resources Company and a senior executive at Parsley Energy with a tenure of more than a decade.

Mr. Dalton brings over 20 years of financial experience including nearly a decade in the oil and gas industry. He most recently served as Executive Vice President, Chief Financial Officer at Parsley Energy. He has a background in corporate finance, strategic planning, public and private capital raising as well as risk management.

Ms. Reed serves as Partner of Formentera Partners. She oversees all aspects of business development, land, geosciences and marketing/midstream at Formentera while additionally assisting with asset management and operations. She brings with her over 15 years of oil and gas experience.

Most recently, Ms. Reed served as Vice President of Oil & Gas Marketing & Midstream at Pioneer Natural Resources Company. Ms. Reed worked alongside Sheffield for more than a decade at Parsley Energy. Prior to Pioneer, she served as Senior Vice President of Business Development, Land, Marketing & Midstream at Parsley.

She has led business development and integration efforts for over US$20 billion in asset value. Ms. Reed graduated from Texas Tech University with a Master of Business Administration and Bachelor of Applied Science. In 2019, Oil and Gas Investor magazine awarded her with a spot on its distinguished "Forty under 40" list.

Mr. Dalton has a strong background in finance and energy markets, including corporate finance and strategic planning, having previously served as Executive Vice President, Chief Financial Officer at Parsley Energy from 2012, until being acquired by Pioneer Natural Resources in 2021. Prior to his role at Parsley, Mr. Dalton served as an investment banker in Rothschild's restructuring group as well as a consultant at AlixPartners. Mr. Dalton earned an undergraduate degree in finance from Southern Methodist University and a Master of Business Administration from the University of Virginia.