The Shenandoah South 1H (SS-1H) well achieved an average 90-day initial production (IP90) flow rate of 2.9 million cubic feet per day.
“The results of the SS-1H flow test have continued to exceed our pre-drill expectations, with flow rates and pressure declines in line with some of the most prolific regions of the Marcellus Shale in the US,” Tamboran Resources managing director and chief executive officer Joel Riddle said.
“The results have validated the company’s view that the deepest regions of the Beetaloo Basin are the most productive and are expected to deliver premium economics and returns when compared to shallower areas within the region.”
Riddle added that the 1 million acres of deep shale in the Beetaloo West have potential to deliver Tamboran’s gross Beetaloo Basin production ambition of 2 billion cubic feet a day for 40 years from a single landing zone.
“Management will commence an evaluation of the results and integrate these into our development planning, including the assessment of the 2024/25 six well drilling campaign that will support the proposed 40 million cubic feet per day Pilot Project in the Shenandoah South region in the Beetaloo West,” Riddle said.
Flow testing has demonstrated productivity and decline profiles in line with the most prolific regions of the Marcellus Shale in the US. This confirms the company’s view that the Beetaloo West region is the preferred region in the basin to commence development operations.
The well will now be shut in and suspended as a potential future production well.
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