Tamboran RNS16 Jun 2025 07:48
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SS-2H ST1 delivers record Beetaloo Basin IP30 flow rate of 7.2 MMcf/d, in-line
with average IP30 rate from Marcellus dry gas area
N• The Shenandoah South 2H sidetrack (SS-2H ST1) well achieved a Beetaloo Basin record average 30-day initial production (IP30) flow rate of 7.2 million cubic feet per day (MMcf/d) over a 5,483-
foot (1,671-metre), 35 stage stimulated length within the Mid Velkerri B Shale. • The flow rate of 13.2 MMcf/d over an extrapolated 10,000-foot horizontal section is in-line with the
average of more than 11,000 wells in the Marcellus Shale dry gas area with production for over a 12-month period. The result demonstrates Tamboran's view of commercial deliverability of gas from the Mid Velkerri B Shale to the East Coast gas market that typically sells at a premium to
Henry Hub.
• The exit rate trajectory maintains a steady, low-declining curve at 6.7 MMcf/d (normalized at 12.2 MMcf/d per 10,000-feet) with a flowing wellhead pressure of -910 psi. The steady state
decline curve on SS-2H ST1 is consistent with that achieved from the SS-1H well. • The Shenandoah South drilling campaign is planned to commence in 2H 2025, targeting up to
three 10,000-foot horizontal wells from the SS2 well pad, subject to final joint venture approval. • Once completed, the five wells on the SS2 pad are planned to be tied into the Sturt Plateau Compression Facility (SPCF) to food into the 40 MMcf/d Gas Sales Agreement with the Northern Territory Government. Production remains on track to commence in mid-2026, subject to
standard regulatory and stakeholder approvals and favourable weather conditions. • Managing Director, Joel Riddle, will hold a webcast with analysts at 8:00am EDT (US time)
(10:00pm AEST) on Monday June 16, 2025.
Tamboran Resources Corporation Chief Executive Officer, Joel Riddle, said: *The Shenandoah South 2H sidetrack well has delivered a record average IP30 flow result of 7.2 MMcf/d from the Beetaloo Basin to date. Results show a material step up in flow rate from a horizontal section
stimulated approximately three times longer than the SS-1H well. "The IP30 flow rate over a 5,482-foot horizontal section is another positive data point that demonstrates potential commercial productivity of the shale formation in the Australian East Coast gas market that
typically sells at a premium to Henry Hub in the US and under long term CPI-linked contracts.
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