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Stock impact report

EP 98 Operational Update: SS-2H ST1 Stimulation Delivers Material Step Change in Beetaloo Completion Efficiency

Tamboran Resources Corporation Common stock (TBN) 
Company Research Source: Business Wire
HighlightsTamboran Resources 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 the Liberty Energy (NYSE: LBRT) 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.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 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. NEW YORK--(BUSINESS WIRE)--Tamboran Resources Show less Read more
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