Scott Handled

Scott Handled with RBC Capital Markets inquired about Tamboran Resources' drilling times, specifically asking for details on tool failures encountered in the last two wells and the potential for further reduction in drilling days if these issues are resolved. He also sought clarification on the plan for the SS4 well, including stimulation, flow testing, and shut-in procedures, and the sufficiency of the current sand inventory for upcoming frac jobs.

Answer

Dick Stoneburner, Chairman and Interim CEO of Tamboran Resources Corporation, explained that tool failures were typical for horizontal drilling in hostile environments, involving steerable systems and mud motors. He noted that combining the best segments of recent wells indicated a potential 19-day drilling time, significantly improving on the 25-27 days observed. For the SS4 well, Stoneburner confirmed plans for immediate demobilization of the drilling rig, mobilization of Liberty for stimulation (similar to previous wells but with potential water reduction and sand volume adjustment), a quick flow test to draw down water, a 30-day soak, and then a 30-day flow test, with results expected in early Q1. He also confirmed ample sand inventory on site for the frac job, with ongoing efforts to build inventory for future wells.

Scott Hanled with RBC Capital Markets inquired about Tamboran Resources' drilling efficiency, specifically asking for details on tool failures encountered in recent wells and the potential for reduced drilling days if these issues are resolved. He also sought clarification on the plan for the SS4 well's stimulation, flow testing, and subsequent shut-in for the pilot project, as well as the adequacy of current sand inventory for the frac job.

Answer

Dick Stoneburner, Chair & Interim CEO of Tamboran Resources, explained that tool failures were typical for horizontal drilling in hostile environments, citing issues with steerable systems and mud motors. He noted that combining the best segments from recent wells indicated a potential drilling time of 19 days, significantly improving on the 25-27 days seen previously. Stoneburner confirmed the SS4 well would undergo stimulation similar to prior wells, followed by a 30-day soak and a 30-day flow test, with results expected in early Q1. He also confirmed that current sand on site is ample for the frac job, with ongoing efforts to build inventory for future wells.