Tamboran Resources (ASX:TBN) Achieves Record Completion in Beetaloo Basin
Operational Achievements
Tamboran Resources successfully completed stimulation activities across 35 stages in the Mid Velkerri B Shale within the SS-2H ST1 well. The use of Liberty Energy’s modern stimulation equipment enabled average proppant intensity of 2,706 lb/ft and wellhead injection rates exceeding 100 barrels per minute, surpassing previous records in the Beetaloo Basin.
Future Plans
The SS-2H ST1 well will be completed ahead of clean out activities, followed by initial flow back and extended production testing. Tamboran will provide further updates on the completion of the Shenandoah South 3H (SS-3H) well in due course.
Executive Comments
Managing Director and CEO Joel Riddle stated, “The SS-2H ST1 stimulation operations were successfully completed across 35 stimulated stages over the 5,483-foot horizontal section in the Mid Velkerri B Shale. The increased efficiency from the Liberty stimulation equipment has delivered Beetaloo Basin completion records for average proppant injection intensity and treating rates over 100 bpm. The decision was made during the completion activities to optimise the stimulation design by increasing the spacing between stages to ~168 feet, which resulted in improved efficiency. We will now focus on completing and cleaning out the SS-2H ST1 well ahead of the commencement of initial flow back and extended production testing.”
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