The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Somewhere between December 14-19
This is the picture of December 19. Credits to bdaddy for pointing out.
https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=-16.8447&lng=133.65214&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2F42924c6c-257a-4d04-9b8e-36387513a99c&datasetId=S2L1C&fromTime=2023-12-19T00%3A00%3A00.000Z&toTime=2023-12-19T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22
You can find the flowback data from the other wells on this site
https://depws.nt.gov.au/onshore-gas/onshore-gas-in-the-northern-territory/industry-compliance-and-reporting/flowback-fluid-monitoring-results
I got this announcement from my broker:
“Rights issue-non renounceable
Narrative
Tbn have announced an equity capital raising of approximately aud28 million via a pro rata accelerated non renounceable entitlement offer (jumbo) to eligible shareholders.
Note, entitlements cannot be traded on the asx or any other exchange, nor can they be privately transferred. The subscription price is aud0.16 per share.
New shares rank PARI passu with existing shares.
Offer. Structure.
The offer is structured in two parts, that is, the institutional entitlement offer and the retail entitlement offer. Please note that this event relates only to the retail offer.
The retail offer isnot available to any eligible institutional investor that received (directly or through a nominee) an invitation to participate in the institutional entitlement offer.
"new securities dealing date: 09-january-2024"
Nice find! Tamboran executive summary is a nice overview of their plans.
https://ehq-production-australia.s3.ap-southeast-2.amazonaws.com/f9256a9a590713a771f1f8c4aa9dd7058e2a57c9/original/1702261645/360e211787154fabca50890cdc349763_Shenandoah_Sth_E_A_EMP_%28TAM1-1%29.pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIA4KKNQAKIOR7VAOP4%2F20231215%2Fap-southeast-2%2Fs3%2Faws4_request&X-Amz-Date=20231215T124357Z&X-Amz-Expires=300&X-Amz-SignedHeaders=host&X-Amz-Signature=b20d8863ea89c9c285b91430080e88bc7bf36ef0e0b59e05ccf9888e9c2277d1
Came across this news.
https://announcements.asx.com.au/asxpdf/20231207/pdf/05yb9t4py1b19w.pdf
New research report.
https://www.tamboran.com/wp-content/uploads/2023/12/TBN-06.12.23-FINAL1.pdf
Https://www.investi.com.au/api/announcements/tbn/e9cc7bb3-910.pdf
Webinar with Tamboran and Empire
https://hotcopper.com.au/threads/beetaloo-webinar.7698775/
Trucks arrived? Compared november 4 with October 30.
November 4
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.84089&lng=133.65215&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-11-04T00%3A00%3A00.000Z&toTime=2023-11-04T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22
October 30
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.84089&lng=133.65215&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-10-30T00%3A00%3A00.000Z&toTime=2023-10-30T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22
Came across this announcement. (I’m not invested in Omega Oil and Gas). Omega is planning for horizontal drilling next year.
https://hotcopper.com.au/threads/ann-maiden-gross-contingent-gas-resource-of-1-73-tcf.7649803/
Omega is planning to test the producibility of gas and liquids from the Kianga formation by the drilling of a horizontal well and multi-stage stimulation program. The proposed horizontal well program is currently being planned, including input from a joint Technical Working Group with Tri-Star Group.
Given that stimulated vertical wells in the Taroom Trough have to date delivered sub-commercial flow rates of gas, Omega considers a horizontal well is necessary to test whether the large volumes of gas contained within the Kianga formation can be delivered at potentially commercial flow rates. The catalyst for explosive value-growth in the US unconventional resources was the shift from vertical to horizontal wells. Early adopters and first-movers reaped the rewards. The Bowen Basin appears to be entering the early phase of that same evolution, and Omega is well- positioned to be among the first movers.
Based on the current availability of a suitable drilling rig, the results of the program are currently expected in Q3 2024. Omega will expedite the program if rig availability allows.
These activities are fully funded through the recent capital raising, and procurement has commenced to secure a drilling rig via a tender process. Applications for Research and Development incentives and for possible funding under the Queensland State Government Frontier Gas Exploration program are being considered by Omega and are potential upsides to the funding set aside for the execution of the activities.
There is significant potential to further increase contingent resources subject to the assessment of the other hydrocarbon-bearing formations that were confirmed in the Canyon drilling campaign. This will be considered in future technical assessments.
If the horizontal well and multi-stage stimulation program are successful in delivering potentially commercial flow rates, Omega anticipates that, subject to appropriate technical and commercial assessment, a portion of contingent resources would be converted into reserves.
You can compare 5 and 10 october. They’re is another pool/basin constructed.
October 5
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.84089&lng=133.65215&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-10-05T00%3A00%3A00.000Z&toTime=2023-10-05T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22
October 10
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.84089&lng=133.65215&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-10-10T00%3A00%3A00.000Z&toTime=2023-10-10T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22
Empire well still flaring:
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.70123&lng=135.10282&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-10-05T00%3A00%3A00.000Z&toTime=2023-10-05T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22
A2h/a3h:
https://apps.sentinel-hub.com/eo-browser/?zoom=16&lat=-16.34725&lng=133.88586&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-10-05T00%3A00%3A00.000Z&toTime=2023-10-05T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22
ss1h:
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.84089&lng=133.65215&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-10-05T00%3A00%3A00.000Z&toTime=2023-10-05T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22
• Tamboran has booked its first estimate of contingent gas resources in the 100 per cent owned and operated EP 136 acreage in the Beetaloo Basin following a review of drilling results from the Maverick 1V (M1V) well.
• EP 136 unrisked 1C contingent gas resources increase to 116 billion cubic feet (BCF) and unrisked 2C contingent gas resources increase to 406 BCF.
• EP 161 unrisked 1C contingent gas resources increase to 91 BCF and unrisked 2C contingent gas resources increase to 470 BCF.
• Across EPs 76, 98, 117, 136 and 161, Tamboran’s total company unrisked 1C contingent gas resources have increased by 37 per cent to 458 BCF and unrisked 2C contingent gas resources have increased by 32 per cent to 2.0 trillion cubic feet (TCF).
• The resource upgrade has been evaluated and certified by leading independent third-party resource certifier Netherland, Sewell & Associates, Inc. (NSAI), with an effective date of 30 June 2023.
• Revised contingent gas resources do not incorporate results from the recently drilled Shenandoah South 1H (SS1H) well in EP 117. Tamboran plans to evaluate the resources surrounding the SS1H location following flow testing, which is expected in Q1 2024.