Tamboran Resources Limited (AU:TBN) has released an update.
Tamboran Resources Limited reports a successful initial production rate from the SS-1H well, outpacing previous records in the Beetaloo Basin with an IP90 flow rate of 2.9 MMcf/d, promising for the long-term potential of the region. The company is preparing for a six-well drilling campaign as it advances towards a final investment decision for the Beetaloo West Pilot Project, which is contracted to supply the Northern Territory’s gas market for 15 years. The recent flow test results align with the performance of the prolific Marcellus Shale in the US, underscoring the Beetaloo West region’s viability for development operations.
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