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Stock impact report

Falcon completes SS2-1H well stimulation in Beetaloo sub-basin [Yahoo! Finance]

Tamboran Resources Corporation Common stock (TBN) 
Company Research Source: Yahoo! Finance
The partners stimulated 58 stages along a horizontal section of approximately 3,050m within the Amungee Member B Shale, using an average proppant intensity of 2,206 pounds per foot. Wellhead injection rates during the operation remained above 100 barrels per minute, and the programme used Liberty Energy's modern stimulation equipment. During the campaign, the partners optimised the stimulation design by increasing stage spacing from around 50m to 60m, reducing the total number of stages required. This change is expected to lower the costs of future stimulation activities. After an equipment issue encountered during the well clean-out, the partners determined that roughly 2,632m of the horizontal section (86%) will contribute to unimpeded flow. This flow may be restricted in the remaining 419m section at the toe. The well will undergo a 30-day soak period after completion with tubing, followed by a 30-day flow test. The partners expect to report 30-day initial production ( Show less Read more
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