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Highlights
Tamboran’s SS-2H ST1 well sets a new Beetaloo Basin production benchmark
Drilling begins on the three-well Shenandoah South Pilot Project
Gas output to support Northern Territory’s energy security under sales agreement
Tamboran Resources Corporation (ASX:TBN) (NYSE:TBN) (OTC:TBNRL), listed on the ASX 300, has commenced its 2025 drilling campaign in the Beetaloo Sub-basin with a record-setting production result from its Shenandoah South 2H sidetrack (SS-2H ST1) well. The result marks the highest flow rate recorded in the basin to date and signifies progress towards fulfilling the company’s gas sales obligations to the Northern Territory Government.
The SS-2H ST1 well was drilled within the Mid Velkerri B Shale formation and produced a steady flow rate with low decline over a two-month test period. Tamboran confirmed the well’s performance exceeds all prior output levels recorded in the Beetaloo, highlighting the commercial viability of its acreage for dry gas delivery to the East Coast gas market.
Shenandoah South Pilot Project Targets Major Milestone
With production performance from SS-2H ST1 setting a new benchmark, Tamboran has now launched the Shenandoah South Pilot Project. This campaign includes the drilling of three horizontal wells, totalling approximately 30,000 feet of lateral development. All three wells are located on the SS2 pad in Exploration Permit 98 and are being drilled using a high-spec FlexRig® 3 rig, purpose-built to enhance operational efficiency in remote locations.
The pilot project marks the final drilling obligation under the company’s agreement to deliver gas volumes to the Northern Territory. Tamboran’s gas output is expected to supply a significant share of the Territory’s energy demand, supporting power generation infrastructure with reliable gas supply from domestic sources.
New Record from SS-2H ST1 Aligns with Global Benchmarks
The SS-2H ST1 well achieved high performance across a lateral section exceeding one and a half kilometres, using a 35-stage fracture stimulation design. Flowing wellhead pressures declined at a controlled pace while gas output remained steady, indicating a flatter-than-expected decline curve. Normalised results align with output averages recorded in the Marcellus Shale region in the United States, one of the most prolific dry gas areas globally.
The composition of the produced gas was predominantly methane, with minimal presence of heavier hydrocarbons or inert components. Water production volumes remained manageable, further reinforcing operational consistency.
Tamboran Expands Footprint While Progressing LNG Vision
Tamboran holds over one million net prospective acres in the Beetaloo Sub-basin and maintains a leading position in key development areas. The company also holds full ownership of EP 136 and is preparing for future phases of commercial development through additional exploration and infrastructure investments.
Beyond field development, Tamboran is working on its Northern Territory LNG (NTLNG) initiative located at the Middle Arm Sustainable Development Precinct near Darwin. Pre-front-end engineering and design studies are underway in collaboration with Bechtel, focusing on long-term export capacity that complements domestic gas commitments.
