Tamboran Resources has spudded the Amungee 3H Well at its 38% owned EP 98 Permit in the Betaloo Basin with the Helmerich & Payne superspec Flex 3 Rig.
Tamboran said the well was being drilled from the same well pad as the Amungee 2H well, which was drilled in the first half f 2022 and intersected the Mid Velkerri B Shale at 2,413 metres total vertical depth (TVD).
Drilling activity is expected to take approximately 25 days, including a 1,000-metre horizontal section. A stimulation program is planned for the second quarter of 2024, following the end of the Northern Territory wet season.
Tamboran said learnings from the recently drilled A2H and Shenandoah South 1H (SS1H) wells are being incorporated into the drilling and stimulation programs.
The drilling and cementing portion of the A3H well is expected to cost A$14.4 million (~A$5.6 million net to Tamboran). All parties are participating at their full working interest.
Tamboran Resources Managing Director and CEO, Joel Riddle, said: “The A3H well is the second well to be drilled in the Beetaloo Basin with the new H&P rig. Learnings from the A2H and SS1H are expected to deliver increased drilling efficiencies, leading to an anticipated reduction in future drilling costs.
“Results from the A3H well are planned to support Tamboran’s resource maturation where a Netherland, Sewell and Associated, Inc. (NSAI) maturation study has demonstrated a pathway to a material increase in 2C contingent gas resources between the Amungee and Shenandoah South area, subject to demonstration of commercial flow rates from the Amungee and Shenandoah South locations.
“A further well midway between the two well pads is required and planned for 2024/2025, subject to joint venture approval. “We look forward to providing an update to our operations at the A3H and SS1H wells, including the upcoming stimulation program at SS1H, throughout the remainder of the year.”
