Tamboran Assets Corp mentioned Wednesday the Beetaloo Joint Enterprise companions had accomplished the largest drilling marketing campaign within the Beetaloo sub-basin onshore Australia’s Northern Territory, placing the Shenandoah South Pilot Challenge on observe to start out pure fuel gross sales subsequent 12 months.
“This system included the batch drilling of the Shenandoah South -4H (SS-4H), -5H and -6H wells, every efficiently accomplished with a goal lateral size of 10,000 ft”, it mentioned in a inventory submitting. “The three wells have been efficiently cased and suspended forward of stimulation actions.
“The typical spud-to-TD (whole depth) throughout this system was 26.7 days, with the drilling and casing time delivered inside the 35-day forecast.
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“This system noticed a rise in effectivity pushed by the appliance of recent Baker Hughes (NASDAQ: BKR) anti-vibration drilling expertise. This resulted in Tamboran drilling its quickest horizontal part within the Mid Velkerri B Shale up to now within the SS-6H effectively, reaching over 1,100 meters (3,603 ft) in a day.
“Tamboran plans to finish the SS-4H effectively in 4Q 2025. This system consists of as much as 60 levels throughout the complete 10,000-foot horizontal part inside the Mid Velkerri B Shale utilizing the imported Liberty Vitality (NYSE: LBRT) fashionable stimulation tools. The SS-4H effectively is deliberate to be flow-tested for 30 days forward of being shut-in for future fuel gross sales”.
Tamboran expects to stimulate all three wells, plus the SS-3H effectively, by the primary half of 2026.
Final month Tamboran mentioned it had acquired approval from the Northern Territory authorities to promote appraisal fuel from the SS Pilot Challenge, after the Beetaloo JV and the federal government entered an settlement for the provision of 40 terajoules (tJ) per day from the undertaking to the Northern Territory for an preliminary time period of 9 years beginning within the first half of 2026.
“That is the primary approval granted by the NTG via the brand new BUG laws and follows the latest consent from Native Title Holders for the sale of as much as 60 tJ per day from the Shenandoah South Pilot Challenge over a three-year interval”, Tamboran mentioned in an announcement on the Australian Securities Trade (ASX) September 1.
“The Beetaloo Joint Enterprise now holds all mandatory approvals to promote fuel from the SS Pilot Challenge”.
Tamboran and Daly Waters Vitality LP (DWE) equally personal Tamboran (B2) Pty Ltd, which owns a 77.5 p.c stake within the Beetaloo JV. Falcon Oil & Fuel Australia Ltd holds the remaining 22.5 p.c. Dublin, Eire-based Falcon Oil & Fuel Ltd says it owns about 98 p.c of Falcon Oil & Fuel Australia.
The Beetaloo JV owns the joint acreage EPs 76, 98 and 117, which include the SS Pilot Challenge.
The SS Pilot Challenge sits within the joint acreage’s Northern Pilot Space, the place Tamboran is operator with a 47.5 p.c stake, as confirmed by Tamboran in an ASX submitting Could 14. DWE additionally owns 47.5 p.c. Falcon Oil & Fuel Australia holds 5 p.c.
The companions plan to broaden growth to the Southern Pilot Space, the place operator DWE owns 38.75 p.c, Tamboran 38.75 p.c and Falcon Oil & Fuel Australia 22.5 p.c, in keeping with the Could submitting.
On September 30 Tamboran and Falcon signed a definitive merger settlement that they mentioned will create a number one place of about 2.9 million internet acres in Beetaloo, a part of McArthur Basin.
Concurrently the businesses introduced a constructive closing funding choice on the SS Pilot Challenge.
The events count on to finish the mixture February 2026, topic to approvals by shareholders on each side.
“The transaction between Tamboran and Falcon is a logical consolidation of two of the Beetaloo Basin’s most energetic firms”, mentioned Tamboran chair and interim chief govt Richard Stoneburner.
To contact the creator, e-mail jov.onsat@rigzone.com
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