Santos, Tamboran flow gas from Beetaloo wells
Tanumbirini 2H (T2H) and Tanumbirini 3H (T3H) wells in EP161 in Beetaloo sub-basin have started flowing gas to the surface, Sydney-listed Tamboran Resources said on December 30. Gas flow follows the successful fracture stimulation across 11 and 10 stages in T2H and T3H wells, respectively,
“Both wells are currently de-watering and undergoing clean-up activities. Information on flow test results will be announced once stabilised flow conditions have been established,” it said. Tamboran has 25% interest in EP 161 while the rest is owned by Santos, which is the operator of the project.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
Tamboran CEO Joel Riddle said the company plans to update the market with information regarding the 30-day flow test in the first quarter of the calendar year 2022.
“Achieving successful flow to surface from the deepest and longest successfully stimulated horizontal well in the Beetaloo sub-basin is an important milestone for Tamboran and our joint venture partner Santos,” he said. “Tamboran expects to announce further updates relating to the flow performance following the initial 30- days at regular intervals.”
Netherland Sewell and Associates have been commissioned to provide an independently certified resource estimate, which could result in a contingent resource booking during the March quarter of 2022, the company said.
Tamboran last month raised approximately A$35mn ($25.3mn) through a private placement anchored by A$20mn investment from Bryan Sheffield, a strategic US investor, and supported by existing shareholders.