• Home
  • News
  • Tamboran makes major acquisition in Beetaloo

Tamboran makes major acquisition in Beetaloo

11 Dec 2020 2:15 PM | Sonia Harvey (Administrator)

PRIVATELY held Tamboran Resources has acquired three permits in the Beetaloo Sub-basin after announcing it would acquire Sweetpea Petroleum yesterday in an all-scrip deal.

It said this was a move to strategically expand its foothold in the highly prospective frontier basin in the Northern Territory. 

Tamboran already owns a 25% stake in the EP161 tenement in the Beetaloo alongside Santos (75%). 

The company will now add to its portfolio exploration permits EP136, EP143 and EP197. 

EP136 sits adjacent to the EP161 permit and according to Tamboran covers a portion of the Beetaloo with the "thickest and highest quality" shales as delineated by seismic and data from previous wells. 

"The acquisition of EP 136 is a very important milestone for the company," Tamboran chief executive Joel Riddle. 

"We are now resuming our role as an operator for what we believe will be the next phase of development in the Beetaloo."

Tamboran and Santos have already drilled one well, Tanumbirini-1, in EP161 which was successfully fracced this earlier this year. 

The well flowed at a rate of 2.3 million cubic feet of gas per day over a 90-hour test. 

Shortly after the flow test Tamboran and Santos announced they would drill two appraisal wells, Tanumbirini-1 and Tanumbirini-3, both of which will target the Middle Velkerri Formation. 

The wells are expected to be drilled over the next 12 months following the wet season. 

Tamboran noted that the new permit EP136 sits next to Origin Energy and Falcon Oil & Gas' EP76. Origin and Falcon are planning to drill a new exploration well targeting the same Middle Velkerri Formation next year. 

"In total, this area may see between three and five new delineation wells or results over the next year making this one of the most active onshore exploration plays globally," Riddle said. 

Source: Energy News Bulletin

Read more here



Comments

  • 09 Sep 2021 7:03 AM | Propecia
    Comprar Kamagra Jelly
    Link  •  Reply
  • 11 Sep 2021 12:15 AM | buy ivermectin for humans
    Online Zentel
    Link  •  Reply
  • 23 Sep 2021 12:36 AM | Lasix
    Enalapril Matea For Sale.Uk
    Link  •  Reply
  • 24 Sep 2021 12:36 AM | where can i buy methotrexate
    Fluoxetine Overnight Shipping Medicine
    Link  •  Reply
  • 26 Sep 2021 3:36 AM | Plaquenil
    Propecia E Infertilidad
    Link  •  Reply
  • 08 Nov 2021 7:50 AM | furosemide water pill
    Keflex Dosages For Uti
    Link  •  Reply
  • 10 Nov 2021 1:32 PM | Stromectol
    Paroxetine 30mg Online India Pharmacy
    Link  •  Reply

Energy Club NT is an Incorporated Association 

The information contained in this website is for general information purposes only. The information is provided by Energy Club NT Inc and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites and files which may not be owned, authored or under the control of Energy Club NT Inc. We have no control over the nature, content and availability of other websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Powered by Wild Apricot Membership Software