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    Tamboran to start drilling Maverick 1H in Beetaloo

Summary

Tamboran has received Northern Territory government approval of its environmental management plan.

by: Shardul Sharma

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Tamboran to start drilling Maverick 1H in Beetaloo

Sydney-listed Tamboran Resources has received Northern Territory government approval of its environmental management plan (EMP) allowing for up to seven wells to be drilled within the EP 136 permit in Beetaloo sub-basin, it said on August 12.  

The EMP is the final approval required for Tamboran to commence drilling of the Maverick 1H (M1H) well, which is due to spud in early September 2022. The company said that the well pad construction and drilling of the required control monitoring bore are now complete. The Ensign 970 rig is currently being mobilised to the M1H well site and is expected to arrive in mid-August.

"The EMP approves Tamboran to drill up to seven wells within the permit, also allowing for the drilling of the Maverick 2H and 3H wells, currently planned for calendar year 2023,” CEO Joel Riddle said, adding the drilling of these three wells have potential to deliver 2C contingent gas resources of 1 trillion ft3.

Booking of the contingent gas resources would allow Tamboran to sanction the proposed 100 TJ/day Maverick pilot development by the end of the calendar year 2023.

Tamboran's key assets in the Beetaloo sub-basin are a 25% interest in EP 161 and 100% interest in EP 136, EP 143 and EP(A) 197.