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Tamboran Resources has successfully commenced drilling the Shenandoah South 1H (SS1H) well with our super-spec FlexRig® Flex 3 Rig. The SS1H well is targeting the deeper Mid-Velkerri “B Shale” in EP 117. The deeper shale is expected to host higher pressures and therefore deliver higher flow rates than the Amungee 2H (A2H) well location in EP 98. Drilling activity is expected to take about 45 days, including a pilot hole and a 1,000-metre horizontal section.

The stimulation program is planned to commence during the fourth quarter of 2023. On completion of the SS1H flow testing, Tamboran Resources and Daly Waters Energy LP will complete the farm-in requirements to earn the 77.5 per cent interest (38.75 per cent each) and operatorship of the EP 76, 98 and 117 permits. Falcon Oil and Gas Australia Limited will hold 22.5 per cent.

Success at the SS1H well location could support the pilot development investment decision, which includes the use of the Clean Energy Fuels Australia (CEFA) facilities and APA Group (ASX: APA) pipeline to the Amadeus Gas Pipeline (AGP). Tamboran is targeting the first domestic gas sales from the pilot development by the end of 2025. Fluid lab analysis from the A2H well is ongoing with remedial intervention work planned for later this year, subject to joint venture approvals. The intervention is likely to coincide with activities at the Amungee well pad where the JV is planning to drill the Amungee 3H well following SS1H.

“We have recommenced our FY24 drilling activities with the Shenandoah South 1H well in EP 117. This location has been identified by Tamboran as the most likely region to replicate the successful flow results delivered from the Tanumbirini 2H and 3H wells in the EP 161 acreage, where Tamboran has a 25 per cent working interest," said Tamboran Managing Director and CEO Joel Riddle. “The SS1H well is key to progressing our proposed pilot development from the location adjacent to the AGP, where the joint venture is targeting the first gas by the end of 2025. This is expected to deliver much-needed gas volumes to the NT and East Coast gas markets at a time when AEMO and ACCC are forecasting a potential shortfall in gas supply.”