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.
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.