Tamboran Resources Ltd (ASX:TBN) has kicked off its maiden Beetaloo Basin stimulation program at the Amungee 2H well, which is within the Greater McArthur Basin in Australia's Northern Territory,
This program, which will include up to 24 stages over a 1,200-metre horizontal section within the Mid-Velkerri 'B Shale' is scheduled to be completed in two to three weeks.
The stimulation program has been optimised with proven US-style shale stimulation designs and techniques, including the use of 5½-inch casing, widely considered the optimal casing size to place a high-rate hydraulic proppant.
This increased casing size allows for the placement of sand and fluid at an increased rate to the perforations during stimulation, a proven concept that has been known to deliver significantly higher production rates and estimated ultimate recovery.
“Exciting milestone”
Tamboran managing director and CEO Joel Riddle said: “This is an exciting milestone for Tamboran, being the company’s first operated simulation program in the Beetaloo Basin.
“Following the successful drilling at the Maverick 1V and A2H wells during 2022, the A2H stimulation program is aiming to demonstrate economic flow rates from the Mid-Velkerri 'B Shale' in our Beetaloo Basin acreage and the commercial viability of the play.
“The A2H program will leverage a proven US stimulation design.
“After completing the stimulation we expect a four-week flow back of stimulation fluid before installation of production tubing.
“We expect to announce the 30-day initial production rates early in the second quarter of calendar year 2023.
“The Beetaloo Basin is well positioned to address the gas shortfalls on Australia’s East Coast, as forecast by the Australian Competition and Consumer Commission (ACCC) and Australian Energy Market Operator (AEMO).
“The Beetaloo has the potential to aid Australia's energy transition and reduce emissions by utilising its world-class low reservoir CO2 gas to offset the higher CO2 fields on the East Coast, including declining Cooper Basin and offshore Victoria fields.”
About Tamboran
Tamboran Resources is the largest acreage holder and operator with 1.9 million net prospective net acres in the Beetaloo Sub-basin in NT.
The company is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the basin.
Tamboran’s key assets include a 25% non-operated working interest in EP 161, a 100% working interest and operatorship in EP 136, EP 143 and EP(A) 197 and a 38.75% working interest and operatorship in EPs 98, 117 and 76 which are all located in the Beetaloo Basin.
Tamboran will focus on the development of the proposed EP 98 Pilot Development, targeting first production by the end of 2025.
Tamboran’s Beetaloo Basin asset location map.