Tamboran8 Nov 2021 01:00
Large drill depth compared to the drilling Empire is starting. This is the one to watch.
Operational Update - EP 161 Tanumbirini 3H Well Successfully Drilled
Highlights
• Tanumbirini 3H (“T3H”) successfully drilled to a total measured depth of 4,857 metres.
• Consistent with Tanumbirini 2H (“T2H”), the T3H well encountered significant gas shows that are
often strong indicators of commercial flow rates.
• T3H and T2H wells will be fracture stimulated and flow tested with initial results expected by the
end of 2021.
Tamboran Resources Limited (ASX: TBN) Managing Director and CEO, Joel Riddle, said:
“We are pleased to report that our latest well in EP 161, T3H, operated by our joint venture partner Santos
QNT Pty Ltd (“Santos”), was successfully drilled to a total measured depth of 4,857 metres, with the
horizontal section once again intersecting over 1,000 metres of Mid-Velkerri ‘B’ shale.
“The drilling information gained from T2H and T3H supports our pre-drill understanding that natural
fractures are present at this location, the deepest part of the core Beetaloo Sub-basin. Coupled with strong
gas shows encountered during drilling, we are confident the wells have intersected shale that will respond
positively to fracture stimulation. Casing in T3H will be set and cemented shortly.
“The release of Easternwell Rig 106 after casing operations on the T3H well will represent the completion
of our 2021 drilling program. Both wells will now be re-entered, fracture stimulated, and flow tested with
initial results expected to be announced by the end of CY2021.
“The information gained from drilling and flow testing T2H and T3H will be incorporated into the well design
for Maverick 1H, the well that Tamboran intends to drill in EP 136, its 100% owned and operated permit, in
2022.”
This ASX announcement was approved and authorised for release by the Disclosure Committee of
Tamboran Resources Limited.
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