Highlights
• Tamboran Resources has successfully completed the 2025 Shenandoah South drilling program,
the largest program ever conducted in the Beetaloo Basin.
• The program included the batch drilling of the Shenandoah South -4H (SS-4H), -5H and -6H wells,
each successfully completed with a target lateral length of 10,000-feet. The three wells have been
successfully cased and suspended ahead of stimulation activities.
• The average spud-to-TD (total depth) across the program was 26.7 days, with the drilling and
casing time delivered within the 35-day forecast.
• The program saw an increase in efficiency driven by the application of new Baker Hughes
(NASDAQ: BKR) anti-vibration drilling technology. This resulted in Tamboran drilling its fastest
horizontal section in the Mid Velkerri B Shale to date in the SS-6H well, reaching over 1,100 metres
(3,603 feet) in a day.
• Tamboran plans to complete the SS-4H well in 4Q 2025. The program includes up to 60 stages
across the full 10,000-foot horizontal section within the Mid Velkerri B Shale using the imported
Liberty Energy modern stimulation equipment. The SS-4H well is planned to be
flow tested for 30 days ahead of being shut-in for future gas sales.
Tamboran Resources Corporation Chairman and Interim CEO, Richard Stoneburner, said:
“We are proud to have delivered the largest drilling program ever conducted in the Beetaloo Basin, which
included batch drilling of three wells at the Shenandoah South 2 well pad. The wells are crucial to supplying
gas to the Northern Territory network under the long-term Gas Sales Agreement with the Northern Territory
Government, with first gas sales on track for mid-2026.
“The three wells were drilled efficiently, with an average drilling time of less than 27 days from spud to TD
and spud to completion of cementing time within the AFE of 35 days. Importantly, we have accelerated
learnings in the Beetaloo Basin through the use of modern US drilling technologies, which has resulted in
record performance throughout this campaign.
“The three wells have now been cased and suspended. The SS-4H well is planned to be stimulated in 4Q
2025, with the remaining two wells, plus the reinforced SS-3H well, to be stimulated in 1H 2026.
“We are excited to welcome back the team from Liberty Energy to the Beetaloo Basin to conduct a 60-
stage stimulation program within the SS-4H well. We are looking forward to delivering an IP30 flow
test from our first two-mile (10,000-feet) lateral well in the coming months.”
This announcement was approved and authorised for release by Dick Stoneburner, the Chairman
and Interim Chief Executive Officer of Tamboran Resources Corporation.