Tamboran Resources full steam ahead with seismic program, civil works at EP 136
Tamboran expects to complete its civil works before it drills the Maverick 1H (M1H) well, targeted to begin in the third quarter of this year.
Company
Tamboran Resources Corporation
ASX:TBN
Tamboran Resources Corporation is a public natural gas company with a vision of supporting the net zero CO2 energy transition in Australia and Asia-Pacific through developing low CO2 unconventional gas resources in the Northern Territory of Australia. Holding premium acreage in the highly prospective Beetaloo/McArthur basin, the company is strategically positioned to commercialise these resources to address a forecast domestic energy shortfall and as a feed supplier to existing Australian LNG plants.
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Tamboran Resources to spud Maverick 1H well in Beetaloo Sub-basin next quarter with rig secured
“We are excited to commence the pathway towards commercialisation of our vast acreage, which we believe will play a leading role in supporting Australia’s energy security for decades," said MD and CEO Joel Riddle.
Tamboran Resources delivers upward revision of Tanumbirini 2H and 3H flow test results
The move indicates the average gas flow rates from Tanumbirini 2H and 3H, previously reported on February 1, 2022, now total 2 million standard cubic feet per day (mmscfd) and 1.7 mmscfd, respectively.
Tamboran Resources awarded grant of up to $7.5 million under Beetaloo Cooperative Drilling Program
“The funding is intended to support up to 25% of the costs of drilling, fracture stimulation and flow testing of the M1H well,” says MD.
Tamboran Resources increases EP 161’s contingent natural gas resources on initial flow tests in Beetaloo Sub-Basin
The forward plan is to continue flow testing both T2H and T3H to gather further information on the Med-Velkerri ‘B’shale formation.
Tamboran Resources sets stage for “significant” year as gas flows in Beetaloo Sub-basin
“We are entering a significant year for the Beetaloo Sub-basin, as Tamboran plans to drill our M1H well in EP 136. The well will be drilled with an advanced frac design and will target commercial flow rates and support the booking of an ini
Tamboran Resources higher as gas flows to surface in two Beetaloo Sub-Basin JV wells
“The company plans to update the market with information regarding the 30-day flow test in the first quarter of calendar year 2022,” says CEO & MD.
Tamboran Resources appointees bring energy and expertise to drive aspirations in Beetaloo Sub-basin
“Each of these appointments brings a unique skillset and considerable energy experience to deliver our strategy of being the first to commercialise the core area of the Beetaloo Sub-basin in the Northern Territory,” managing director and CE
Tamboran Resources concludes 2021 drilling program over Beetaloo Sub-Basin permit
“Importantly, the 2021 drilling program was conducted safely and without incident, a testament to the excellent leadership and unwavering commitment to health, safety and environment by the rig crew,” says CEO & MD.
Tamboran Resources welcomes US oil & gas giant as cornerstone investor
Bryan Sheffield, a legend in the US oil & gas sector, has anchored a successful $35 million placement.
Tamboran Resources encounters strong gas shows at T3H well in Beetaloo Sub-basin
Both T2 and T3 wells “will now be re-entered, fracture stimulated and flow tested with initial results expected to be announced by the end of 2021,” says MD.
Tamboran Resources completes T3H vertical well section; horizontal drilling to commence shortly
After the completion of the T3H well, the rig will demobilise from the EP 161 location and a fracture stimulation operation will be conducted on the T2H and T3H wells.
Tamboran Resources on a mission to create tomorrow’s energy solutions in FY22
FY21 saw Tamboran reach operator status in the Beetaloo Sub-Basin and execute a major IPO. Now, the energy stock is readying to bring the low-carbon Beetaloo gas to market and work towards becoming a zero-carbon emissions producer.
Tamboran Resources spuds EP 161 Tanumbirini 3H Well ahead of schedule
“Following the drilling of the T3H horizontal section, both T2H and T3H wells will be fracture stimulated and flow tested, with results expected to be available before calendar year-end 2021,” says CEO.
Tamboran Resources targets to be net zero gas producer when it starts first production by end 2025
It intends to play a role in the global energy transition by responsibly investing in the development of clean, low carbon dioxide, unconventional natural gas resources in the Beetaloo Sub-basin.
Tamboran Resources welcomes successful drilling completion of Tanumbirini 2H well by Santos
Now that the Tanumbirini 2H well has been drilled, attention will turn to the nearby 3H asset, with initial flow test results from both wells anticipated in 2021’s fourth quarter.
Tamboran Resources hits the ground running with busy second half planned following ASX debut
The company hopes to play a constructive role in the global energy transition towards a lower-carbon future by developing low carbon dioxide unconventional natural gas resources in the Core Beetaloo Sub-basin.