focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Yes to all your questions, Schlemiel. Their success can be ours as well. And if they do find a discovery, they will be closer to us. :-)
These kind of updates come from the juniors as well. Santos doesn't do it, they let Tambo take care of it. Same with FO and ORG.
https://www.abnnewswire.net/press/en/106570/Tamboran-Resources-Limited-%28ASX-TBN%29-Update-EP161-Tanumbirini-2H-Well-Successfully-Drilled-106570.html
"T2H encountered significant gas shows and pressures that are typically strong indicators of commercial flow rates."
This aerial view shows things have changed versus the video.
https://soar.earth/?pos=-16.840315607997717%2C133.64992618560794%2C17&basemap=Dark+Base+Map
https://www.geoexpro.com/articles/2021/06/australia-s-beetaloo-shale-play
Almost 31,000 square km's available.
https://industry.nt.gov.au/industries/mining-and-energy/petroleum-acreage-releases
1 vertical and 2 horizontals an Tanumbirini and 2 horizontals at Inacumba. East of our permits.
https://depws.nt.gov.au/__data/assets/pdf_file/0016/1011553/emp-sto3-5-revised-hydraulic-fracturing-emp-ep161.pdf
Very detailed EMP. The Greenies are grumpy with the EMP.
Having emails (or calls) answered isn't a shareholder's right.
https://www.ic.gc.ca/eic/site/cd-dgc.nsf/eng/cs06644.html
Rights and responsibilities of shareholders
After paying for their shares, shareholders have the right to:
vote at the shareholders' meeting (if their shares have a right to vote)
receive a share of the profits (dividends) of the corporation
receive a share of the property of the corporation when the corporation is dissolved
be notified about shareholders' meetings and attend them
elect and dismiss directors
approve by-laws and by-law changes
appoint the auditor of the corporation (or waive the requirement for an auditor)
examine and copy corporate records, financial statements and directors' reports
receive the corporation's financial statements at least 21 days before each annual meeting
approve major or fundamental changes (such as those affecting a corporation's structure or business activities).
The shareholders' liability in a corporation is limited to the amount they paid for their shares; shareholders are usually not liable for the corporation's debts.
Yes, it is needed. Asia Pacific demand. East coast Australia demand. India demand. Switching from coal power generation to gas power generation. Larger populations.
Here is one link as an example.
https://www.capp.ca/energy/world-energy-needs/
Santos/Tamboran have initiated drilling operations on EP161. Due east of FO's acreage.
Tamboran Announces Spud of Tanumbirini #2H on EP 161
2021-05-10 08:06 ET - News Release
Sydney, Australia, May 10, 2021 - (ABN Newswire) - Tamboran Resources Limited ("Tamboran" or the "Company") is pleased to announce that the Tanumbirini #2H horizontal gas well commenced drilling operations.
Highlights
- Tanumbirini #2H drilling commenced on EP 161
- Well targets ~4,800 metre total depth ("TD") and will be hydraulically fracture-stimulated with 10-20 stages across the Mid-Velkerri B shale horizontal sections with an extended flow test to follow
- Drilling anticipated to complete in Q3 2021
Located on EP 161 in the core of the Beetaloo Sub-basin in the Northern Territory, Tanumbirini #2H is a horizontal well that will be directionally drilled to approximately ~4,800 metres total measured depth (TD) targeting the Mid-Velkerri B shale. Tamboran expects drilling to complete in Q3 2021. The rig will then drill Tanumbirini 3H to a similar TD, prior to hydraulically fracture-stimulating both wells. The frac will comprise 10-20 stages in the horizontal sections of each well, followed by completion and flow tests. Results from the two-well drilling and testing program are anticipated to be announced in Q3 2021.
Santos QNT Pty Limited is the operator of EP 161 with a 75% working interest and Tamboran holds a 25% working interest.
"The programme at Tanumbirini #2H follows the successful Tanumbirini #1 vertical well results that were drilled on EP 161 and received Declaration of Discovery acceptance by the NT Government in April 2020," said Joel Riddle, Managing Director and CEO of Tamboran Resources. "The wells are intended to establish commercial flow rates from the Beetaloo. On completion of Tanumbirini #2H and #3H, Tamboran and Santos anticipate the drilling of two additional horizontal wells on EP 161 in 2022, further delineating additional resources, capturing key data and informing future development activity".
Mr Riddle further stated, "Development efforts on EP 161 are complementary to Tamboran's planned work programme on the adjacent EP 136 license in which Tamboran will hold a 100% operating interest. Subject to final approvals, we intend to acquire seismic on EP 136 in the second half of 2021 and, based on information gained from this and the EP 161 drilling program, will be in an excellent position to drill our first operated well in 2022. Our assets are in the core of the Beetaloo Sub-basin and contain material prospective, low CO2 unconventional natural gas resources. Tamboran is aiming to become a net zero carbon producer when the Company initiates sales of natural gas targeting local Northern Territory markets and gas supply to the east coast of Australia by 2025".