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Tamboran Resources: EP98 and EP117 Operational Update

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Tamboran Resources: EP98 and EP117 Operational Update

24 Jul 2023 10:25 AM | Stephanie Berlin (Administrator)

H&P rig mobilised to the Beetaloo Basin for drilling of Shenandoah South 1H

Highlights

The Helmerich & Payne, Inc. (H&P), (NYSE: HP), super-spec FlexRig® Flex 3 Rig has been successfully mobilised to the Shenandoah South 1H (SS1H) well pad location in EP 117 (previously Kyalla 117 N2-1 well pad).

The SS1H well will target the Mid-Velkerri “B Shale” approximately 700 metres (30 per cent) deeper than the Amungee 2H (A2H) well in EP 98, which is approximately 60 kilometres north. The deeper reservoir is expected to deliver higher pressures, based on data from the two Tanumbirini wells in the Santos-operated EP 161 permit.

Tamboran expects the SS1H well to commence drilling in early August 2023, subject to final Beetaloo Joint Venture approval. Drilling activity is expected to take ~45 days, which includes a pilot hole and 1,000-metre horizontal section. The stimulation program planned to commence during the fourth quarter of 2023.

Learnings from the Tanumbirini wells and the A2H well have been incorporated into the SS1H well and stimulation designs, with focus on delivering commercial flow rates from the location.

To read the full ASX announcement, click here.

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