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Tamboran increases gas resources

Strike Alinta

Tamboran Resources has increased the unrisked net 2C contingent gas resource increase by 152 billion cubic feet (bcf) to 1.2 trillion cubic feet (tcf).

The company booked its first estimate of contingent gas over the Shenandoah South region across EP 98 and 117 in the Beetaloo Basin following a successful 30-day initial production flow test of the Shenandoah South 1H (SS-1H) well.

“The Shenandoah South 1H well has de-risked some of the highest quality shale intersected to date in the Beetaloo Basin, with the IP30 flow results demonstrating strong and commercial deliverability,” Tamboran Resources managing director Joel Riddle said.

“Importantly, this has led to the first booking of contingent gas resources over the Shenandoah South region of the Beetaloo Basin, on the border of the EP 98 and 117 permits.”

The initial unrisked 2C contingent gas resources booking of 152bcf over the Shenandoah South area is expected to support the initial proposed 40 MMcf/d Pilot Project, according to Riddle.

“These volumes are anticipated to secure important gas supply into the Northern Territory gas market for the next decade. This comes at a time when local supplies of gas, which provide the majority of the Territory’s power, are at risk of running low.

“Tamboran stands by its commitment to deliver first volumes from the Beetaloo Basin into the Northern Territory before exporting volumes into the East Coast and international LNG gas markets.”

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