Operational Update Completion of SS-2H ST1 stimulation

Key points

• Successful completion of 35 stimulated stages over 5,483-foot horizontal section
• Achieved record average proppant intensity of 2,706 lb/ft and injection rates over 100 bpm
• Well to be completed ahead of initial flow back and extended production testing

Full summary

Tamboran Resources Corporation has successfully completed stimulation activities over 35 stages across a 5,483-foot (1,671-metre) horizontal section in the Mid Velkerri B Shale within the Shenandoah South 2H sidetrack (SS-2H ST1) well. The stimulation was conducted using Liberty Energy's modern stimulation equipment. The SS-2H ST1 completion operations achieved five stages over a 24-hour period on multiple days, exceeding previous Beetaloo Basin records. The average proppant intensity of 2,706 pounds per foot (lb/ft) across the 35 completed stages exceeded all previous completion activities in the Beetaloo Basin to date and achieved wellhead injection rates above 100 barrels per minute (bpm). The SS-2H ST1 well will now be completed ahead of clean out activities and the commencement of initial flow back and extended production testing. Further updates on the completion of the Shenandoah South 3H (SS-3H) well will be provided in due course.