Tamboran has increased its Beetaloo Basin unrisked contingent gas resources by 32 per cent to two trillion cubic feet.
The increase follows the drilling of the Maverick 1V (M1V) well, which has resulted in an initial resource booking within the EP 136 permit and associated resource increase in the adjacent EP 161 permit (Tamboran: 25%) and EP 76 permit (Tamboran: 38.75%).
The changes to 2C contingent gas resources from the previous resource estimate include an increase of:
- 406 BCF in EP 136
- 66 BCF in EP 161
- 11 BCF in EP 76/98/117
Tamboran Resources Limited Managing Director and CEO, Joel Riddle, said: “Tamboran continues to demonstrate the continuous nature of Mid Velkerri B and C Shale across our 4.7 million (gross) acreage position in the Beetaloo Basin.
“Our strategic focus remains on the western region of the Basin, where the SS1H well has successfully intersected the Mid Velkerri at depth and in close proximity to the Amadeus Gas Pipeline.
“This strategic positioning is expected to support a potential accelerate production to supply natural gas to the Northern Territory market. This is particularly critical given recent production declines from the offshore Blacktip gas field, which is expected to impact the region’s gas supply.
“With gas-fired-power driving the majority of the Northern Territory’s electricity supply, Tamboran is committed to delivering a secure source of natural gas to the benefit of Territorian families and businesses.”
