Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Edit -
'A big part of the NT government's economic policy hinges on opening up two gas fields — the offshore Barossa project north of Darwin, and the onshore Beetaloo Basin.
The development of onshore gas in the territory has faced stiff opposition from the first day it was announced, with environmentalists expressing deep concern about the possible impacts of hydraulic fracking in the Beetaloo Basin and the carbon emissions it could unleash.
The NT government gave the green light to fracking in May last year, despite opposition even from within Territory Labor's own ranks.
Despite the change at the top, Ms Lawler says the industry's growth will remain a centrepiece in her government, spruiking the potential benefits it could have in building and upgrading remote schools, clinics and police stations.'
"By increasing our own source revenue, by increasing royalties, it means we have more money," she says.
"It means an increase in the population, an increase in GST, it means people are spending money in the territory."
The findings of the Territory Economic Reconstruction Commission, released in 2020, said that expansion of the gas industry was necessary to achieve the NT government's long-held goal of a $40 billion economy by 2030. '
end
https://www.abc.net.au/news/2024-02-02/nt-stateline-chief-minister-eva-lawler-interview-one-on-one/103393536
From today's Tamboran's RNS -
'an Early Development Agreement for construction of a Beetaloo Basin to East Coast gas pipeline that aims to deliver in excess of 500 MMcf/d of Beetaloo Basin gas into Australia’s East Coast gas market, targeting an online date as early as 2028, subject to achieving project milestones and executing further agreements; and
• a Partnering Agreement under which Tamboran agrees to work exclusively with APA Group and provides an option for Tamboran to acquire up to 15 per cent of any Beetaloo pipeline projects in the lead up to Final Investment Decision (FID) (excluding the SPP), subject to certain conditions being met.
Under the Early Development Agreements, APA has agreed a process to continue development of the proposed pipelines with early works expenditure of up to A$10 million on the basis that Tamboran continues to progress and achieve agreed milestones in relation to the proposed Shenandoah South Pilot Project.
The parties will commence negotiations on a binding Gas Transportation Agreement (GTA) targeting execution in H1 2024, subject to Tamboran achieving certain project milestones'
A 'binding gas agreement' brings FOG closer to a degree of monetisation which should bump up FOG's value..
It's slowly but surely taking shape
A gas processing plant will be connected via infield gas gathering lines to a c20-mile export pipeline, connected to the Amadeus Gas Pipeline. It is expected that all the pilot development wells will be put into production by the end of 2025.
end
Commencement of IP30 Testing Falcon has announced the commencement of the 30-day initial production (IP30) testing at the Shenandoah South 1H well. Results of the IP30 test are expected by the end of February 2024. Falcon estimates that a IP30 rate of 1.5MMscf/d over the 500m horizontal section (3.0MMscf/d normalised over 1,000m) or greater will allow the JV to progress the sanctioning of the proposed 40MMscf/d pilot project at Shenandoah South during H1/24. - So Far, So Good: Following the completion of the 10-stage stimulation programme and the subsequent successful installation of production tubing, the SS1H well was opened to allow sufficient flow back of stimulation fluid ahead of commencing the IP30 test. As planned, the well was shut-in for a three-week soak period to allow for sufficient stimulation fluid to be absorbed by the shale, increasing the relative permeability to gas of the formation and enhancing future production performance. Soaking was effectively implemented at the Carpentaria-2H well in EP187, with flow rates increasing from 1.3MMscf/d (IP27, normalised over 1,000m) pre-soaking, to 3.0MMscf/d (IP30, normalised over 1,000m) post soaking. - Targeting Deeper Acreage with Higher Pressures: The SS1H well is targeting the Amungee Member B shale at an estimated depth of 3,200m (c30% or 700m deeper than the previously drilled Amungee2H well). The decision for the SS1H well location follows analysis of the Tanumbirini wells drilled in the Santos-operated EP161 permit, which showed Marcellus Basin production type-curves. The Tanumbirini-2H and 3H wells are the longest producing wells in the basin (>6 months) and initially produced at a normalised IP30 rate over 1,000 metres of 3.3MMscf/d and 5.2MMscf/d, respectively. Modelling of the Tanumbirini-2H and 3H wells has demonstrated a 20-year estimated ultimate recovery of 16.8-18.5Bcf, for a proposed 3,000m development well. These results are in-line with Tier 1 and Tier 2 wells in the Marcellus Basin, one of the world’s most prolific shale gas basins. - High Quality Shale, Optimal for Development: Results from the diagnostic fracture injection test (DFIT) of the Amungee Member B Shale have demonstrated an over pressured regime, with a pore pressure gradient of 0.54 psi per foot. This result is in-line with the core Marcellus Basin and exceeds the near normal pressures (0.48 psi per foot) encountered in the other Beetaloo wells drilled to date. The DFIT result, together with the other reservoir properties from the SS1H well closely resemble the US’ most prolific gas resource in the Marcellus Basin, giving increased confidence that the SS1H well can flow at a rate in excess of the commerciality threshold for the Beetaloo Basin. - 2024/2025 Pilot Development: Once sanctioned, an initial pilot development is expected to be composed of several wells drilled and fracked over 2024/2025 from the existing Shenandoah South well pad and a second pad nearby.
''1.5 million cubic feet per day''.
Who knew that all these years of waiting, frustration and almost suicidal despair would all come down to the contents of a simple, short sentence......Failure and success can sometimes rest on a pinhead
Commencement of Initial Production Testing at Shenandoah South 1H
29 January 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the commencement of the 30-day initial production (IP30) testing at the Shenandoah South 1H (“SS1H”) well in EP117, operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran B2 Pty Limited.
Following the completion of the 10-stage stimulation program announced on 7 December 2023 and the subsequent successful installation of production tubing, the SS1H well was opened to allow sufficient flow back of stimulation fluid ahead of commencing the IP30 test. For normal operational reasons, the SS1H well was shut-in for a three week soak period and was successfully re-opened on 25 January 2024. The aim of soaking was to allow for sufficient stimulation fluid to be absorbed by the shale, increasing the relative permeability to gas of the formation and enhancing future production performance. The IP30 test has now commenced, and results are expected by the end of February 2024.
Proof of commercial flow rates as measured over the IP30 day period and which Falcon estimates to be 1.5 million cubic feet per day (“MMcf/d”) over the 500 metre horizontal section (3.0 MMcf/d normalised over 1,000 metres) or greater will allow the joint venture to progress the sanctioning of the proposed 40 MMcf/d pilot project at Shenandoah South during the first half of 2024.
Philip O’Quigley, CEO of Falcon commented:
“We look forward to this next phase of operations with the initial production testing of the SS1H well in the Beetaloo and will continue to update the market as results become available.”
It's today's date
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January 26, 2024
Mining & Energy
Tamboran ‘excited’ by Beetaloo progress
The latest drilling results from its Beetaloo development look set to boost Tamboran’s hopes of becoming a major gas supplier to Australia’s east coast.
By Colin Packham
https://www.theaustralian.com.au/business/mining-energy
Tamboran Resources excited by imminent drilling results at ...
The Australian
https://www.theaustralian.com.au › ... › "News Story"
4 hours ago — The Northern Territory last year gave the green light to fracking in the Beetaloo. The move has been heralded by supporters as potentially lucrative through ...
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I got it from the above after a Google search. You can see it says 4 hours ago so I assumed it's today's date. Maybe I'm wrong
'The latest drilling results from its Beetaloo development look set to boost Tamboran’s hopes of becoming a major gas supplier to Australia’s east coast.'
https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fmining-energy%2Ftamboran-excited-by-imminent-drilling-results-as-beetaloo-development-accelerates%2Fnews-story%2F12350c2d7dc17d250a8c3e9442076470&memtype=anonymous&mode=premium&v21=GROUPA-Segment-2-NOSCORE&V21spcbehaviour=append