Tamboran upgrades EP161 gas resources
Sydney-listed Tamboran Resources on February 1 increased EP 161 contingent resources following the successful gas flow to the surface and 30-day flow testing of the Tanumbirini 2H (T2H) and Tanumbirini 3H (T3H).
Unrisked 1C contingent resources are estimated to have increased by 336% to 48bn ft3 net to Tamboran (189bn ft3 on a gross unrisked basis), including 32bn ft3 (net to Tamboran) within the Mid-Velkerri "B" shale. Unrisked 2C contingent resources are estimated to have increased by 428% to 153bn ft3 net to Tamboran (610bn ft3 on a gross unrisked basis), including 128bn ft3 (net to Tamboran) within the Mid-Velkerri "B" shale.
Tamboran has 25% interest in EP 161, located in Australia Beetaloo sub-basin, while the rest is owned by Santos, which is the operator of the project.
The upgrade to Tamboran's contingent resources has been evaluated and certified by leading independent third-party resources certifier, Netherland, Sewell and Associates, Inc.
The company said it plans to leverage its intellectual property to increase the size and maximise the efficiency of the fracture stimulation design within the Maverick 1H well, planned to be drilled during calendar year 2022. If successful, this well has the potential to result in Tamboran booking initial 2C contingent resources within the company's 100% owned and operated EP 136 acreage.
Tamboran's key assets in the Beetaloo sub-basin are a 25% interest in EP 161 and 100% interests in EP 136, EP 143 and EP(A) 197.
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