Tamboran begins Beetaloo sub-basin drilling campaign

**Tamboran Launches Comprehensive Beetaloo Sub-Basin Drilling Campaign**

In a significant development for the oil and gas industry, Tamboran Resources Corporation, in partnership with Falcon Oil & Gas Ltd., has initiated a substantial drilling campaign in the Beetaloo Sub-Basin, Northern Territory, Australia. This intricate project marks a pivotal moment in Tamboran’s expansive exploration activities in the region, aimed at uncovering the vast potential of the Amungee Member B-shale.

**Key Highlights of the Campaign:**

1. **Shenandoah South 2H Well:**
– Tamboran B2 Pty. Ltd., the operating entity, has begun drilling the Shenandoah South 2H (SS2H) well under Exploration Permit (EP) 98. This well is strategically drilled using the Helmerich & Payne (H&P) super-spec FlexRig, ensuring the highest efficiency and reliability in operations.

2. **Drilling Objectives:**
– The SS2H well, along with its subsequent counterpart, Shenandoah South 3H (SS3H), targets the Amungee Member B-shale at an estimated target depth of approximately 3,020 meters. Each well is expected to have a horizontal section of around 3,000 meters (9,842 feet), making this a significant milestone in horizontal drilling technology within the Beetaloo Basin.

3. **Stimulation Efforts:**
– To maximize gas flow potential, the drilling campaign will utilize Liberty Energy’s advanced frac fleet. This state-of-the-art equipment is being mobilized from the United States to Australia, enhancing stimulation intensity and efficiency. Each well will undergo up to 60 stages of stimulation, significantly increasing the completion stages per day and optimizing gas flow.

4. **Field Testing and Production Goals:**
– Initial flow tests for both wells are anticipated by early 2025. Following

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