Tamboran Resources (ASX:TBN) Sets Drilling Speed Record in Beetaloo Basin

2 min read | December 23, 2024 12:00 AM AEDT | By Team Kalkine Media

Tamboran Resources (ASX:TBN) Sets Drilling Speed Record in Beetaloo Basin — Image source: shutterstock

High-Quality Shale Properties and Gas Shows

During the operation, strong gas shows and high-quality shale properties were observed throughout the horizontal section of the Mid Velkerri B Shale. This section, spanning 10,000 feet, was drilled at a total vertical depth exceeding 8,000 feet. The results align with findings from the SS-1H well drilled three miles away, further confirming the Beetaloo Basin’s promising geological characteristics.

Tamboran Resources highlighted that there were no observed faults across the horizontal section, ensuring an uninterrupted drilling process. The company plans to conduct flow testing over the full horizontal section in preparation for its 2025 drilling program.

Future Plans and Stimulation Campaigns

The SS-3H well is set to undergo an extensive stimulation campaign in early 2025. Equipment and sand have already been mobilized to the well site for this purpose. The SS-2H ST1 well will also undergo stimulation, targeting up to 45 stages along its 5,577-foot horizontal section. For SS-3H, the completion design aims to increase to as many as 75 stimulated stages over its 10,000-foot section.

Tamboran Resources is on track to release IP30 flow rate test results for both wells in the first quarter of 2025. These results are expected to provide further insights into the production capabilities of the Beetaloo Basin, as the company prepares for the Shenandoah South Pilot Project to support Northern Territory’s gas market demands.

This achievement underscores Tamboran Resources’ commitment to advancing efficient drilling practices while unlocking the potential of one of Australia's most significant gas reserves.

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