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Tamboran Resources: SS-1H delivered IP60 flow test result

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Tamboran Resources: SS-1H delivered IP60 flow test result

26 Mar 2024 10:47 AM | Stephanie Berlin (Administrator)

Highlights

The Shenandoah South 1H (SS-1H) well in EP 117 achieved an average 60-day initial production (IP60) flow rate of 3.03 million cubic feet per day (MMcf/d) over the 1,644-foot, 10 stage stimulated length within the Mid Velkerri B Shale, normalized to 6.0 MMcf/d over 3,281-feet (1,000 metres).

The SS-1H flow test indicates that future development wells with lateral lengths of 10,000 feet may be capable of delivering average rates of 18.4 MMcf/d over the first 60 days of production.

Results continue to demonstrate that the 1 million acres below 8,850 feet (true vertical depth) in the Beetaloo West region is one of the most favorable places to anchor the initial development.

The SS-1H well is planned to be flow tested until IP90, which is planned to be announced in late April 2024.

Tamboran continues to undertake Front End Engineering and Design (FEED) studies on the proposed Shenandoah South Pilot Project. The Company expects to take Final Investment Decision (FID) in mid-2024, subject to funding and key stakeholder approvals.

To view the full ASX announcement, click here.

Source: Tamboran Resources

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