Tamboran Resources Corporation (NYSE:TBN, ASX:TBN) has commenced drilling at its Shenandoah South Pilot Project in the Northern Territory, with the spudding of the Shenandoah South 2 (SS-2H) well in the Beetaloo sub-basin permit EP 98.
The SS-2H well is being drilled off a new pad around 5-kilometres north of the Shenandoah South 1H (SS-1H) well and within the Tamboran-operated SS Pilot Project area, in which Tamboran has a 47.5% working interest.
The 24-hectare Shenandoah South Pilot Project pad.
Once the SS-2H well has been drilled, Tamboran will immediately drill the Shenandoah South 3H (SS-3H) well off the same pad ahead of the stimulation program.
These two wells — SS-2H and SS-3H — will be drilled with the Helmerich and Payne super-spec FlexRig® Flex 3 rig and will target the Middle Velkerri B Shale at a depth of around 3,020 metres. Each well is expected to be drilled in 30 days.
H&P’s super-spec FlexRig® Flex 3 rig on location at the SS2 well pad.
Both wells were designed to include a 3,000-metre horizontal section and will each be stimulated with up to 60 stages using the Liberty Energy’s modern frac fleet which has recently been mobilised from the US to Australia.
The Liberty frac fleet features increased efficiency and performance that is expected to result in a material increase in the number of completed stages per day and optimised gas flows.
Tamboran expects initial flow test results from each well in the first quarter of 2025.
Once flow testing is complete, the wells will be suspended as future producers to supply Tamboran’s proposed 40 million cubic feet per day (MMcf/d) SS Pilot Project.
Tamboarn anticipates production from the SS Pilot Project to commence in the first half of 2026, subject to final approvals.
Notably, the two-well program will be the largest single campaign in the Beetaloo Basin to date.
Tamboran Resources managing director and CEO Joel Riddle said: “We are excited to commence our 2024 Beetaloo Basin drilling program, which includes the longest horizontal wells drilled in the Beetaloo Basin to date.
“With up to 120 stimulation stages to be completed across the two wells, this will be the largest single campaign in the basin to date.
“With the new Liberty stimulation equipment being mobilised from the US to Australia, we are eager to demonstrate the deliverability of the Mid Velkerri B Shale over the longer lateral sections with modern US completions equipment.
“The Liberty frac fleet is capable of materially increasing the stimulation intensity and completing more stages per day compared to the legacy stimulation fleets in Australia.
“It is our strategic partnerships with our largest shareholders, H&P and Liberty, which have dedicated equipment in Tamboran’s Beetaloo Basin operations, that put us in a commanding position to derisking significant, long duration gas reserves in the Beetaloo Basin.”
Tamboran’s Beetaloo Basin assets.
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