Highlights
- Tamboran raised
- EP 161 Tanumbirini 2H ("T2H") drilling commenced in May and Tanumbirini 3H ("T3H") drilling to follow the completion of T2H.
- Fracture stimulation and flow testing to occur after the drilling of T3H with preliminary flow test results from 2H & 3H wells anticipated by year end 2021.
"We are excited to welcome our new shareholders who participated in our listing on the ASX. The reception, feedback and support that we received from investors reflects the quality and potential of our assets in the Core Beetaloo Sub-basin in the
"The listing was aided by the fact that we hit the ground running operationally with Santos, our joint venture partner in EP 161 with the commencement of T2H, our first high-impact horizontal well in
"We are looking forward to an active second half of the calendar year which includes the completion of T2H, the drilling of T3H and the testing of both wells. The data and information we receive from this testing program will also aid in the design and implementation of our operated drilling operations in EP 136, our 100% working interest property located adjacent to EP 161, in 2022.
"The Core Beetaloo Sub-basin is recognised as one of the highest potential natural gas resources in
ASX Listing & Capital Raising
During the quarter, the Company successfully completed its initial public offering on the
EP 161
Tamboran 25% working interest, Santos 75% working interest and operator
During the quarter, Tamboran and its joint venture partner,
Following the completion of T2H, the
EP 136, EP 143 and EP(A) 197
Tamboran 100% working interest and operator
On
Sweetpea is the registered holder of a 100% working interest in each of EP 136 and EP 143 in the Beetaloo Sub-basin and has also applied for exploration permit application EP(A) 197.
During the quarter, Tamboran began preparations to acquire seismic in EP 136 and planning for its drilling operations commencing in calendar year 2022, which included the purchase of certain long-lead items.
There was no substantive exploration activity that occurred in respect of each of EP 136, EP 143 and EP(A) 197 during the quarter.
Commercial and Corporate
During the June quarter,
The payments to related parties and their associates as disclosed in item 6.1 of the accompanying Appendix 5B relate to directors' fees and managing director remuneration.
Planned Activities Prior to Year End
During the September quarter, the Company's activities will be focused primarily on the Beetaloo Sub-basin assets, with news expected to include the following:
- Completion of T2H well;
- Completion of T3H well;
- Commencement of fracture stimulation and flow tests of T2H and T3H; and
- Continue planning for 2D seismic acquisition on EP 136.
To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/N34NST3S
To view the cashflow report, please visit:
https://media.abnnewswire.net/media/en/docs/ASX-TBN-2A1312663.pdf
About
The Company is focused on developing early-stage, unconventional gas resources within its portfolio which are located in the Beetaloo Sub-basin in the
Contact:
Investor enquiries:
+61 2 8330 6626
Investors@tamboran.com
Media enquiries:
+61 2 8330 6626
Media@tamboran.com
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