Tamboran Resources Achieves Milestone in Beetaloo Basin Drilling

Tamboran Resources Limited (AU:TBN) has released an update.

Tamboran Resources has achieved a significant milestone by drilling the Shenandoah South-3H well to a depth of over 21,000 feet in the Beetaloo Basin, Australia, in just 25 days. This marks a 43% improvement in drilling speed compared to previous efforts, with the well showing promising gas potential and high-quality shale properties. The company is gearing up for a major stimulation campaign set for early 2025, aiming to boost gas supply in the Northern Territory.

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