Member Info for schlemiel

''Are discussing farm-out agreements, maybe finalised by years end.''

How does this affect little old FOG?

''There were no major issues that I picked up from the presentation and follow-up questions. There were a couple of questions about why the normalised flow rate was less than SS-H1, and Joel explained that it was due to how they managed the choke as they were treating the well as a production well - looking to optimise production performance factors rather than achieve a high flow rate (exploration related).

That led to a question about whether the flow test is being extended to get IP90 flow data. Joel confirmed that would be the case, and that TBN would be looking for farm-in partners around the end of the year. So I got the impression that there may be some investors holding off to see the IP90 result, Pilot FID or results of farm-in negotiations. I might be wrong though. ''

https://hotcopper.com.au/threads/ann-ss-2h-st1-ip30-flow-rate-webcast-presentation.8626020/page-20?get_post=true

''Yes they will save millions using local sand and like you say even cheaper when they mine their own.

We have two commercial wells already and the drilling of the next three wells starts July. Approx 25 days per well then they start to stimulate and IP30. Ticking along nicely and Joel sounded extremely confident these 6 wells will produce more than enough required for the NT government contract. I’ll be buying more in the morning.

This time next year Rodders!!!!! Ents…….''

'My take from the broadcast 16 Jun 2025

They originally thought they would need 6 wells, to supply the 40MMcf/d contract to the NT government. Now they are confident they can do it with 5

The flow rate, per metre was greater in SS1H than SS2HSTI. This was explained as intentional to receive better results over the long term. A number of questions on this. They performed a less aggressive choke schedule.

They are still learning. A lot of experts involved

Going to run their own sandpit which will drop the cost of sand dramatically and lessen fracturing costs.

Drilling and fracturing costs continue to drop.

Are discussing farm-out agreements, maybe finalised by years end. '

https://hotcopper.com.au/threads/ann-ss-2h-st1-ip30-flow-rate-webcast-presentation.8626020/page-18?get_post=true&direction=previous

This is an exceptional article with detailed graphs and data showing Marcellus like characterists:

Project ownership and acreage updates

Following Falcon Oil & Gas Australia’s decision not to participate in the 2025 drilling program, Tamboran and Daly Waters Energy will jointly fund development activities.

Tamboran’s working interests have increased significantly across its Beetaloo acreage — including 58.12% in the Phase 2 development area and 77.5% across the ex-EP 76, 98 and 117 tenements — securing its position as the largest acreage holder and operator in the basin.

Webinar

Tamboran Resources managing director and chief executive officer Joel Riddle will host a webcast at 8:00 am Eastern Daylight Time (EDT) in New York, corresponding to 10:00 pm Australian Eastern Standard Time (AEST) in Sydney and Melbourne, on Monday, 16 June 2025.

Further information and access details for the webcast are available via Tamboran’s investor website at https://ir.tamboran.com/.

SS-2H ST1 delivers record flow performance

The SS-2H ST1 well achieved a 7.2 MMcf/d average IP30 flow rate over a 1,671-metre (5,483-foot), 35-stage stimulated lateral.

Flowing pressures remained strong, with a low decline trajectory maintaining a 6.7 MMcf/d exit rate.

This performance is significantly higher than Tamboran’s earlier SS-1H and T3H wells, confirming strong reservoir deliverability. The well also returned cumulative gas production of 217.2 MMcf and 21,689 barrels of water during the test period, with wellhead pressures stabilising around 906 psi.

https://www.proactiveinvestors.com/companies/news/1073009/tamboran-delivers-record-beetaloo-ip30-flow-rate-confirming-marcellus-level-gas-potential-1073009.html

Tamboran Resources Corporation has achieved a Beetaloo Basin record average 30-day initial production (IP30) flow rate of 7.2 million cubic feet per day (MMcf/d) from its Shenandoah South 2H sidetrack (SS-2H ST1) well. The result marks a significant milestone for the company, aligning closely with the performance of wells in the prolific Marcellus Shale dry gas area.

Flow rates were normalised to 13.2 MMcf/d per 10,000 feet — demonstrating the Mid Velkerri B Shale’s commercial potential in Australia’s East Coast gas market.

Tamboran also confirmed plans to drill up to three additional horizontal wells from the same pad in 2025, targeting the start of production by mid-2026.

“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,” Tamboran CEO, Joel Riddle, said.

“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.”

Flying now : 38%

I'm feelin' dizzy. Very illiquid though

Waymo?

Paul McGlone, CEO of Seeing Machines, commented:

"We are proud to continue working with this important customer, who shares our passion for road safety, as they continue to develop their technology and frankly, lead the evolution of the autonomous vehicle landscape. Around the world, regulators and automakers understand that driver and occupant monitoring technology will bridge the gap between the vehicles of today, where the driver is still in control, and the fully autonomous cars of tomorrow. It's excellent to see our technology, designed purely to keep road users safe, helping to shape this shift in transportation."

$1.2 Million Agreement with Global Leader in Autonomous Driving Technology

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that it has signed an agreement to supply additional Guardian Backup-driver Monitoring Systems ("BdMS") to a world-leading North American self-driving car company.

The agreement, valued at around US$1.2m, will see Guardian BdMS deployed into the autonomous mobility company's test vehicles as they seek to expand across new sites and locations.

Advancing autonomous vehicles requires extensive on-road data collection, testing and validation. To mitigate the risks of operating test vehicles on public roads, a back-up driver is typically required during this development phase. Seeing Machines' BdMS supports the human back-up driver in remaining vigilant during on-road operations.

The integration of self-driving technology into the ride-hailing industry marks a transformative shift in urban transportation. Autonomous mobility services promise greater efficiency, reduced operational costs, and enhanced accessibility for passengers, particularly in densely populated cityscapes. Moreover, these advanced systems ensure high levels of safety by minimising human error, which is traditionally a leading cause of accidents.

Seeing Machines is playing a pivotal role in this evolution, with its Guardian BdMS serving as an essential technology to monitor and support back-up drivers during these initial deployment phases. This technology bridges the gap between fully autonomous operations and human oversight, ensuring reliability and trust in autonomous ride-hailing fleets.

Tiny contract

What's the appeal? The commercial value of its % of the licences obviously.

Nm

Development activity

The Shenandoah South drilling campaign is planned to commence in July 2025, targeting up to three 10,000-foot horizontal wells and completed with up to 60 stimulation stages from the SS2 well pad. As previously announced, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has opted to reduce its participating interest in the three wells to 0%.

Once completed, the five wells on the SS2 pad are planned to be tied into the Sturt Plateau Compression Facility (“SPCF”) to feed into a 40 MMcf/d take-or-pay Gas Sales Agreement (“GSA”) 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.

The Shenandoah South 4H (“SS-4H”) well is planned to be completed and flow tested by the end of 2025, with the remaining wells drilled in the 2025 campaign to be completed during 1H 2026.

Completion of the remaining four wells will incorporate lessons from the SS-1H and SS-2H ST1 wells.

The five wells are expected to deliver the required 40 MMcf/d volume under a binding take-or-pay agreement with the Northern Territory Government.

Philip O’Quigley, CEO of Falcon commented:

“The IP30 flow rate results announced today of 7.2 MMcf/d, are truly stellar and marks another major data point in the Beetaloo Sub-basin again demonstrating that it compares to the best shale wells in the United States. Not only did the results exceed Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per 1,000 metres but had similar flow rates and pressures to SS-1H and SS-2H ST1, which all point towards the significant resource potential of the Beetaloo.

Falcon looks forward to the planned completion and testing of SS-4H by the end of 2025 and also to observing the results from the next three wells of the Shenandoah South drilling program and the additional milestones they will establish.

As further results become available, we look forward to updating the market further”

Ends.

Falcon Oil & Gas Ltd. - Another Stellar IP30 Flow Test Result in the Beetaloo

Falcon Oil & Gas Ltd (“Falcon”).

Another Stellar IP30 Flow Test Result in the Beetaloo

16 June 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Shenandoah S2-2H ST1 (“SS-2H ST1”) achieved an average 30-day initial production (“IP30”) flow rate of 7.2 million cubic feet per day (“MMcf/d”) over 1,671-metres (5,483-foot) across a 35 stage stimulated length within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it the highest IP30 result in the Beetaloo to date.

Points to note:

The normalized 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 on production over a 12-month period. The results demonstrate the commercial deliverability of gas from the Amungee Member B-Shale in the Australian East Coast gas market that typically sells at a premium to Henry Hub in the United States and under long term CPI-linked contracts.

The exit rate trajectory continues 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 Shenandoah South 1H well (“SS-1H”).

Nm

Dual listing and cross-listing both involve listing a company's shares on multiple stock exchanges, but they differ in their structure. A dual listing involves two separate legal entities (often the result of a merger) that operate as one company, with each entity listed on a different exchange. In contrast, cross-listing involves a single legal entity whose shares are listed on multiple exchanges, with no separate legal entities involved.

What do you mean 'we cannot purchase on AIM'?