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Tamboran Resources increase Beetaloo Basin 2C gas resources to 2.1 Tcf

26 Feb 2024 9:48 AM | Stephanie Berlin (Administrator)

Highlights

  • Tamboran has booked its first estimate of contingent gas over the Shenandoah South region across EP 98 and 117 in the Beetaloo Basin following a successful 30-day initial production (IP30) flow test of the Shenandoah South 1H (SS-1H) well.
  • The EP 76/98/117 unrisked net 1C contingent gas resources increase by 33 billion cubic feet (Bcf) to 284 Bcf and unrisked net 2C contingent gas resources increase by 152 Bcf to 1.2 trillion cubic feet (Tcf).
  • The resource upgrade has been evaluated and certified by leading independent third-party resource certifier Netherland, Sewell & Associates, Inc. (NSAI), with an effective date of 31 January 2024.
  • The 2C resources support the sanctioning of the proposed 40 million cubic feet per day (MMcf/d) Shenandoah South Pilot Project, which is expected to be sanctioned in mid-2024 and deliver first gas into the Northern Territory in Q1 2026, subject to securing financing and key stakeholder approvals.

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