Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
A report published today by Australia’s national science agency, CSIRO, provides an assessment of options to mitigate and offset greenhouse gas (GHG) emissions associated with potential production and Australian consumption of gas extracted from the Northern Territory’s Beetaloo Sub-basin.
The research addresses a recommendation of the 2018 Scientific Inquiry into Hydraulic Fracturing in the Northern Territory, chaired by the Honorable Justice Pepper. Recommendation 9.8 was seeking to understand potential greenhouse gas emissions as a result from any onshore gas produced in the NT in order “That the NT and Australian governments seek to ensure that there is no net increase in the life cycle GHG emissions emitted in Australia from any onshore shale gas produced in the NT”.
The research was undertaken by CSIRO as part of GISERA, an alliance led by CSIRO which is a collaboration between CSIRO, commonwealth, state and territory governments and industry.
GISERA’s purpose is to work with the community to undertake research about the potential or actual impacts of gas development, across major environmental and socio-economic topics. The type of research projects GISERA delivers is decided by committees in each geographical region, with the community voice in each committee always carrying the greatest weight. All research is publicly reported and peer reviewed.
Continued next...
Thank you for your information and thoughts, exciting times ahead! The article references by Darnit suggests that India want more gas to aid their transition away from coal.
This may be where Natasha Fyles may use their needs to help offset Beetaloos net zero emissions...
"If, for some states that don't have the gas and they need the gas, they have to understand how we can work together, so we can all have that sustainability into the future."
It seems this part of their plan is being developed.. GLA
Tamborans twitter feed say that Tamboran has signed a contract with Condor Energy Services Ltd to undertake the stimulation program within the Amungee 2H well in Beetaloo Basin EP 98.
Condor will provide coiled tubing services to complete up to 24 stimulation stages within the Mid-Velkerri “B Shale”.
Thanks for the info, good to read that the highway project will contribute to the delivery of Infrastructure Australia’s 2021 high priority initiative, enabling-infrastructure for developing the 'world class shale gas project' in the Beetaloo Sub-Basin.
Is great to read also that the indigenous peoples are involved in this infrastructure work too. GLA.
Happy New Year to all the long term holders of Falcon and to POQ. It's been another long year but we now have a few more positives for us to move forward with. We have a driving force in Riddle, who has good contacts and expertise. POQ appears to have played a good hand in the deal he has done with Tamboran in September. As Poods says, the geology is the reason we are here, and Ridle has the team to do what counts. GLA, Here's for a very happy and rewarding New Year!
Thanks JS, Empires letter to shareholders is encouraging for the Beetaloo, although they show concerns about the proposed gas price cap, the Beetaloo and gas exports are exempt from any price caps. Part of Empires letter to shareholders Is copied below;
In the third quarter, Empire executed the largest fracture stimulation in Australian history, executing 21 stages in the Velkerri B shale in the Carpentaria-2H well. The results were highly encouraging, characterised by a peak flow rate of over 11 million cubic feet of gas per day, and an average normalised flow rate (per 1,000 metres of horizontal section stimulated) of 2.6 million cubic feet per day over the first 30 days. Empire is currently carrying out additional test work on this well which is providing critical insights into how to optimally produce gas from this huge resource.
Empire recently drilled the longest horizontal well in the history of the Beetaloo Sub-basin, Carpentaria-3H, with a total horizontal length within the target B-shale of over 2,600 metres, or 8,500 feet. 18 stages have been executed of a ~40 stage fracture stimulation over ~2,000 metre
(6,500 foot) of the horizontal section, with results expected in the first quarter of 2023.
These wells can be used as production wells as part of Empire’s rapid commercialisation program, reducing the future capital expenditure requirement to commence commercial gas sales.
Empire is currently drilling its fourth EP187 well, Carpentaria-4V, to gain critical data about the Velkerri resource in the Eastern part of EP187. The well has so far reached a depth of 850 metres (2,790 feet) and is drilling ahead. Success in this well is likely to see a significant increase in Empire’s independently assessed contingent resource across the tenement and allow the company to further advance our technical knowledge set as we learn how to commercially stimulate the Velkerri shale resource in our Beetaloo properties.
Merry Christmas everyone, let's hope for a prosperous New Year!
GLA.
My opinion is that Natasha Fyles sees the Beetaloo Gas as a huge opportunity for the NT, and it will play an important part of the Middle Arm 'sustainable development project' that will put the NT in a great position for the next 50 years.
It was only last month that Northern Territory Chief Minister Natasha Fyles was angered by the greenies & accused environmentalists of spreading misinformation about this industrial development in Darwin Harbour which the Federal Government had announced $1.5 billion funding for.
It appears that Natasha does see the massive potential for the Beetaloo and the NT, whilst putting sustainable plans in place too. I don't think that she will do anything to slow down progress, and imo, I'm sure that she is very wary of the Environmentalists and the harm they can do given the opportunity.. GLA.
Newty, the rest of the article reads: Labor has previously said it wanted all reforms finalised by the end of this month so production licence applications can be considered next year.
The NT government sees development of the basin as central to its aspirations to grow the small jurisdiction's $26 billion economy to $40 billion by 2030.
It has previously refused to say if production fracking would be allowed to go ahead without the Commonwealth's full commitment to 9.8.
"I'm just saying that if people want the NT's gas, we've got our own goals around net zero emissions," Ms Fyles said.
"If, for some states that don't have the gas and they need the gas, they have to understand how we can work together, so we can all have that sustainability into the future."
It seems to be referring to production fracking only, so shouldn't affect exploration. I think that putting some responsibility on Nations buying the gas could shift the onus away from the Beetaloo, this could be a positive move imo. GLA
ABC News abc. net. au
NT chief minister says states, Commonwealth must help offset emissions to obtain Beetaloo Basin gas.
By Jacqueline Breen and Alex Barwick
Posted Wed 7 Dec 2022 at 7:59pm updated Yesterday at 1:36am
Natasha Fyles with Prime Minister Anthony Albanese in Darwin earlier this year.(ABC News: Ian Cutmore)
The federal government and states with gas shortages will have to work with the Northern Territory on offsetting emissions if new supplies from the Beetaloo Basin are to be unlocked, Territory Labor says.
Key points:
A new report says an agreement to ensure all emissions from fracking the Beetaloo Basin are offset is "still being worked out"
Labor has said fracking will not commence until the regulatory overhaul is complete
Natasha Fyles says governments facing an energy crisis must work with the NT "if they want our gas"
The comments from Chief Minister Natasha Fyles come as eastern states brace for more gas price hikes and the federal government finalises plans for an emergency price cap.
The NT does not face the same price pressures but is racing against the clock to finish an overhaul of environmental laws and policies it has said must be complete before production can begin in the gas-rich Beetaloo Basin....
OilandGasJournal. Com
22 November
Tamboran Resources Ltd. hopes to book a potential 5 tcf of proven-plus-probable (2P) natural gas reserves in Beetaloo subbasin onshore Australia by 2025, starting with its expected 2023 sanctioning of Block EP 98 pilot development.
“We will drill, fracture stimulate, and flow test two wells within EP 98. These wells aim to demonstrate the commerciality of the acreage and de-risk…commitment to sanctioning of the 100 terrajoule/day (TJ/day) pilot development with our JV partners Daly Waters Energy and Falcon Oil & Gas Australia Ltd.,” the company said at its annual general meeting. Tamboran added that it would continue front-end engineering and design activities for the proposed development, including working with regulators and property owners and land access and pipeline corridors.
The company plans to import a Helmerich & Payne Inc. FlexRig into Australia for the pilot— describing it as “the only rig capable of drilling the more than 3,000-m horizontal sections within the Mid-Velkerri B Shale”—and have it operational by mid-2023. It also continues to look for partners to help it accelerate Beetaloo commercialization....
TAMBORAN RESOURCES
Australian shale company outlines its Beetaloo reserves and production plans.
22 November 2022
By Russell Searancke in Wellington
The American-backed Australian shale gas company Tamboran Resources has outlined its pathway to booking a very large proven plus probable (2P) gas reserve by 2025 in the Beetaloo sub-basin, onshore Australia.
The company on Monday told its shareholders its immediate goals are the sanctioning of a pilot development project in Block EP 98 in 2023 and the potential booking of 5 trillion cubic feet of 2P gas reserves by 2025.
American horsepower set to arrive in Australia's Beetaloo sub-basin shale play.
"We will drill, fracture stimulate and flow test two wells within EP 98. These wells aim to demonstrate the commerciality of the acreage and de-risk the company’s commitment to sanctioning of the 100 terajoule (94 million cubic feet) per day pilot development with our JV partners Daly Waters Energy and Falcon Oil & Gas Australia," said Tamboran chief executive Joel Riddle.
Riddle said that the company is progressing toward front-end engineering and design for the pilot development, including working with regulators and stakeholders on land access and pipeline corridors.
"We are working closely with Helmerich and Payne to import the first super-spec FlexRig into Australia. This rig is crucial to the Beetaloo, being the only rig capable of drilling the more than 3000-metre horizontal sections within the Mid-Velkerri 'B Shale. "
The rig is expected to be operational in Australia by mid-2023....
Great to be hearing more positive news from the Beetaloo again and drilling speeds and efficiency being driven down...
Empires’ Carpentaria-2, 2H and 3H wells have been launched from the same drill pad, however they fork in different directions at depth. The bores are aimed at testing the deliverability of the site’s Velkerri-B shales and fits with the company’s rapid commercialisation strategy.
As part of the plan the company will look to set up a multi-armed gas play through its Carpentaria wells.
National Indigenous Times
14th November 22
On Warranangku country in the gas-rich Beetaloo Sub-Basin of the Northern Territory, Jingili Elder and Native Title holder Pompey Raymond is concerned the debate on gas exploration there has been hijacked by those who shouldn’t be speaking for his country. He’s spoken out through the National Indigenous Times and Land Rights News, and in conversations with those prepared to listen.
Mr Raymond wants to see jobs, education and infrastructure in his community. He also sees a pathway to protect his country from climate change by displacing coal-fired power in Australia and Asia with some of the cleanest gas in the world — with gas producing half the emissions of coal and Beetaloo gas having far lower carbon content again than the industry averages for gas.
A Senate Inquiry into activities in the Beetaloo Basin has been prolonged by six months, with the final report due February 2023. This delay has held back the approval of projects Mr Raymond and other Traditional Owners want to go ahead on their lands.
Mr Raymond said those who rightfully speak for country have been clear in their support. However, the Senate Inquiry has so far been dominated by the misconception that all Traditional Owners are opposed to gas extraction in the Northern Territory.
This idea has been spread by a breakaway Indigenous group and individuals who don’t have the authority to speak for native title holders.
Great news VM!
Managing director and CEO Joel Riddle said: “The A2H well was successfully spudded on November 10, 2022, with the Silver City Rig 40 in Tamboran’s newly acquired and operated exploration permit EP 98.
“The drilling of the well and the fracture stimulation design will incorporate significant learnings from the recently drilled Maverick 1V well in Tamboran’s operated EP 136 permit, where the vertical section was drilled in 18.3 days, a record for a well in the Beetaloo with a true vertical depth of more than 2,500 metres.”
Tamboran’s Beetaloo Basin asset location map.
Fracture stimulation to follow
Following drilling, the A2H well is expected to commence a hydraulic fracture stimulation program with a US style unconventional shale design.
The well is designed with 5-½ inch casing that allows for effective placement of proppant into the formation, optimising completion efficiency.
Riddle said: “The fracture stimulation program has been designed by Tamboran’s operational team, who have drilled more than 5,000 unconventional wells in North America, and also incorporates learnings from the Santos operated Tanumbirini 2H and 3H wells in EP 161 (Tamboran 25% non-operator), which have been on flow test with production tubing since early August 2022.
Team increased..
Completion of this acquisition means that Tamboran’s team has been increased with the addition of 10 staff from the Origin team who are set to play a key role in unlocking the commercial potential of the Beetaloo Basin.
“We welcome the experienced team of professionals from Origin that have joined Tamboran. The team will provide valuable operational and technical expertise, having served in senior operational roles with Origin in the drilling of key wells in the Beetaloo over the last few years,” Riddle said.
Tamboran Resources Limited Managing Director and CEO, Joel Riddle, said: "We have successfully completed the acquisition of EPs 98, 117 and 76 from Origin Energy. Tamboran now holds the largest consolidated position in the deepest section of the Beetaloo Basin... “We welcome the experienced team of professionals from Origin that have joined Tamboran. The team willprovide valuable operational and technical expertise, having served in senior operational roles with Origin in the drilling of key wells in the Beetaloo over the last few years. “We also look forward to working closely with our local NT communities, to generate further jobs and opportunities for all Territorians. Tamboran is very excited to be at the forefront of the development of the significant low-CO2 unconventional gas resource in the Beetaloo Basin, which is expected to bring significant employment and royalties to the Northern Territory, as well as support Australia’s national energy security and energy transition.”
Tamboran have employed 10 people from Origin Energy, it sound like many of these roles are related to the community development in the Beetaloo.
NT News
Middle Arm, Beetaloo the projects that will help get the NT to $40bn by 2030: Chief Minister
The NT government has set an ambitious goal of growing the Territory’s economy to $40bn by 2030. Chief Minister Natasha Fyles explains how we’ll get there....
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