Just the Facts: Tamboran drills historic 10,000-foot horizontal well in Beetaloo Basin

Proactive - Interviews for investors

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Tamboran Resources Corporation (NYSE: TBN, ASX: TBN). The company provided an operational update on the Shenandoah South-3H (SS-3H) well in exploration permit EP 98 within the Beetaloo Basin. The well was drilled, cased and cemented to a total depth of more than 21,000 feet in 25 days, achieving a drilling rate of 843 feet per day, 43% faster than the SS-2H well. It includes a 10,000-foot horizontal section below 8,000 feet true vertical depth, a first for the Beetaloo Basin. Strong gas shows and high-quality shale properties were observed across the horizontal section, with no faulting. Liberty Energy equipment is on-site, and a 100–120 stage stimulation campaign is scheduled for early Q1 2025. SS-2H ST1 will undergo up to 45 stimulation stages, while SS-3H is designed for up to 75 stages. Initial 30-day flow tests for both wells are expected in Q1 2025. This result supports plans for the 2025 Shenandoah South Pilot Project, aimed at developing additional wells to deliver gas to the Northern Territory market. The company credited the operations team for their efficiency, highlighting the high-quality shale properties consistent with other drilling in the Shenandoah region. #ProactiveInvestors #TamboranResources #ASX #NYSE #BeetalooBasin #ShaleGas #OilAndGas #EnergyDevelopment #GasExploration #DrillingSuccess #NorthernTerritory #HorizontalDrilling #EnergyInnovation #GasSupply #HydraulicFracturing #ShaleDevelopment #EnergyProjects #NaturalGas #FlowTesting #TamboranEnergy #ExplorationSuccess #EnergyAustralia #PilotProject