Tamboran Resources Ltd (ASX:TBN, OTC:TBNRF) CEO Joel Riddle tells Proactive the Shenandoah South 1H (SS1H) well at the Beetaloo Sub-Basin in the Northern Territory has intersected 90-metres of high-quality Mid Velkerri B Shale with strong dry gas shows. It represents the thickest section of Mid Velkerri B Shale seen in the Beetaloo Sub-basin to date. He says the new rig used at SS1H reached TD of the pilot hole in 21.5 days, drilling at 153 metres per day, a new record for wells drilled below 3,000 metres in the Beetaloo Sub-Basin. Tamboran will now begin drilling a 1,000-metre horizontal section within the shale formation ahead of a stimulation program of up to 10 stages over a 500-metre section, which is planned for the December quarter of 2023.
#ProactiveInvestors #TamboranResources #ASX #gas #BeetalooBasin
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
