Highlights
• The Helmerich & Payne, Inc. (H&P), (NYSE: HP), super-spec FlexRig® Flex 3 Rig has been
successfully mobilised to the Shenandoah South 1H (SS1H) well pad location in EP 117
(previously Kyalla 117 N2-1 well pad).
• The SS1H well will target the Mid-Velkerri “B Shale” approximately 700 metres (30 per cent)
deeper than the Amungee 2H (A2H) well in EP 98, which is approximately 60 kilometres north.
The deeper reservoir is expected to deliver higher pressures, based on data from the two
Tanumbirini wells in the Santos-operated EP 161 permit.
• Tamboran expects the SS1H well to commence drilling in early August 2023, subject to final
Beetaloo Joint Venture approval. Drilling activity is expected to take ~45 days, which includes a
pilot hole and 1,000-metre horizontal section. The stimulation program planned to commence
during the fourth quarter of 2023.
• Learnings from the Tanumbirini wells and the A2H well have been incorporated into the SS1H
well and stimulation designs, with focus on delivering commercial flow rates from the location.
Tamboran Resources Limited Managing Director and CEO, Joel Riddle, said:
“We look forward to the commencement of drilling activity at Shenandoah South in coming weeks with
H&P. Their rig brings modern US drilling technology to the Beetaloo Basin, a key first step to achieving
material reduction in drilling costs and efficiencies.
“We are excited to be working alongside H&P in delivering their first well in Australia. The SS1H well is
expected to spud in early August and is planned to take approximately 45 days to drill, which will include
drilling of a pilot hole, a 1,000-metre horizontal section and logging of the Mid Velkerri ‘B Shale’.”
This ASX announcement was approved and authorised for release by Joel Riddle, the Managing
Director and Chief Executive Officer of Tamboran Resources Limited.
