Tamboran Resources has kicked off the fracture stimulation program at its EP 161 joint venture with Santos (ASX:STO) in the Beetaloo Sub-basin in the Northern Territory.

Fracture stimulation is under way at the Tanumbirini 2H and 3H wells, with production casing in T3H set and cemented and the Easternwell Rig 106 demobilised from the Beetaloo Sub-basin.

“The EP 161 joint venture will now test the productivity of each well, with approximately 10 stages of fracture stimulations per well in the target formation of the Mid-Velkerri ‘B’,” Tamboran Resources (ASX:TBN) Managing Director and CEO Joel Riddle said.

“Initial flow test results are expected in December 2021.”

Santos has already drilled and tested the Tanumbirini-1 vertical well, which flowed gas at a peak rate of 10 million standard cubic feet of gas per day (MMscf/d) and an average rate of 1.5MMscf/d during the first nine days of testing.

Tamboran says that horizontal wells like T2H and T3H are designed to maximise exposure to the most productive reservoir – and are expected to increase flow performance.

Tanumbirini-3H shows promise

The Tanumbirini-3H well has already been drilled to a total depth of 4,857m with the horizontal section intersecting over 1,000m of the target Mid-Velkerri ‘B’ shale.

Plus, Tanumbirini-3H encountered significant gas shows that are often strong indicators of commercial flow rates.

The company is confident the wells have intersected shale that will respond positively to fracture stimulation. 

Data will inform Maverick-1H drilling

Riddle said that the flow test results from T2H and T3H will inform drilling at the Maverick-1H well in the company’s 100% owned EP 136 permit next year.

“The CY2021 drilling program in EP 161 has provided Tamboran with key learnings and knowledge that we intend to incorporate into the drilling of the 100% owned and operated Maverick 1H, located in EP 136, during CY2022,” he said.

Plus, the company has recently completed a $35 million placement – with $20 million backed by strategic US investor Bryan Sheffield – and is well funded to accelerate its EP 136 work program.




This article was developed in collaboration with Tamboran Resources Limited, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.