Highlights

• The Shenandoah South 2H sidetrack (SS-2H ST1) well achieved a Beetaloo Basin record average 30-day initial production (IP30) flow rate of 7.2 million cubic feet per day (MMcf/d) over a 5,483-foot (1,671-metre), 35 stage stimulated length within the Mid Velkerri B Shale.
• The flow rate of 13.2 MMcf/d over an extrapolated 10,000-foot horizontal section is in-line with the average of more than 11,000 wells in the Marcellus Shale dry gas area with production for over a 12-month period. The result demonstrates Tamboran’s view of commercial deliverability of gas from the Mid Velkerri B Shale to the East Coast gas market that typically sells at a premium to Henry Hub.
• The exit rate trajectory maintains a steady, low-declining curve at 6.7 MMcf/d (normalized at 12.2 MMcf/d per 10,000-feet) with a flowing wellhead pressure of ~910 psi. The steady state decline curve on SS-2H ST1 is consistent with that achieved from the SS-1H well.
• The Shenandoah South drilling campaign is planned to commence in 2H 2025, targeting up to three 10,000-foot horizontal wells from the SS2 well pad, subject to final joint venture approval.
• Once completed, the five wells on the SS2 pad are planned to be tied into the Sturt Plateau Compression Facility (SPCF) to feed into the 40 MMcf/d Gas Sales Agreement with the Northern Territory Government. Production remains on track to commence in mid-2026, subject to standard regulatory and stakeholder approvals and favourable weather conditions.

Source: Tamboran Resources Website