Page 13 - AsianOil Week 19 2021

AsianOil NEWS IN BRIEF AsianOil

Vintage, Metgasco and Bridgeport are - within the exploration permits along the of earnings and cash flows well ahead of that
joint venture partners at the Vali field, a new Batten Trough and Fault Zone conventional arising from our larger Dorado development.
gas field in the early stages of development, play fairway within the airborne survey CARNARVON PETROLEUM, May 11, 2021
located in the Queensland Cooper/Eromanga coverage area.
Basin. None of the parties currently produce ARMOUR ENERGY, May 11, 2021 Tamboran announces spud
or sell natural gas.
The ACCC’s authorisation enables the Carnarvon updates on of Tanumbirini #2H on EP 161
parties to jointly market gas produced from
the Vali field for five years and, within this Buffalo-10 drilling Tamboran Resources Limited is pleased
period, to enter into gas supply agreements to announce that the Tanumbirini #2H
with customers on common terms and Carnarvon Petroleum is pleased to provide horizontal gas well commenced drilling
conditions (including price) for terms of up shareholders with an update on the operations.
to 15 years. Without authorisation, these joint preparation for drilling the Buffalo-10 well. Located on EP 161 in the core of the
marketing arrangements would risk breaching Petrofac, who are undertaking the drilling Beetaloo Sub-basin in the Northern Territory,
competition laws. management services for this well, have Tanumbirini #2H is a horizontal well that will
“The ACCC considers that joint marketing identified the necessary long lead equipment be directionally drilled to approximately ~4,800
is likely to result in public benefits by enabling to ensure the Buffalo-10 well is able to drilled metres total measured depth (TD) targeting
earlier development of the Vali field to bring prior to the end of this year. the Mid-Velkerri B shale. Tamboran expects
this new gas supply to the market sooner,” Following completion of the farmout drilling to complete in Q3 2021. The rig will
ACCC Chair Rod Sims said. to Advance Energy Plc, as was announced then drill Tanumbirini 3H to a similar TD,
“Current estimates suggest the annual 20 April 2021, Carnarvon received US$20 prior to hydraulically fracture-stimulating both
production from the Vali field will be million to fund the drilling of the Buffalo-10 wells. The frac will comprise 10-20 stages in the
approximately 0.5 per cent of the annual well. This means the drilling will be at no cost horizontal sections of each well, followed by
domestic gas demand in the east coast market. to Carnarvon unless the well costs more than completion and flow tests. Results from the two-
Given the small amount of gas relative to US$20m. well drilling and testing program are anticipated
the size of the overall market, this proposed The procurement of long lead equipment to be announced in Q3 2021.
joint marketing is unlikely to adversely affect has commenced, with orders placed for the Santos QNT Pty Limited is the operator
competition.” supply of conductor pipe, well head, liner of EP 161 with a 75% working interest and
ACCC, May 13, 2021 hanger and associated services. This long lead Tamboran holds a 25% working interest.
equipment is planned to be available before “The programme at Tanumbirini #2H
Armour hires Pinemont for the end of the third quarter of 2021. follows the successful Tanumbirini #1 vertical
well results that were drilled on EP 161 and
A tender process for the drilling rig is
NT seismic survey nearing completion, with the requirement received Declaration of Discovery acceptance
for a suitable jack-up rig to be available in the
by the NT Government in April 2020,” said
The Directors of Armour Energy are pleased fourth quarter of this year. Joel Riddle, Managing Director and CEO of
to announce that Pinemont Technologies Carnarvon has also commenced the Tamboran Resources. “The wells are intended
Australia, a specialist geophysical service process of securing the necessary Timor-Leste to establish commercial flow rates from the
provider, has been engaged to acquire Government approvals for drilling the well. Beetaloo. On completion of Tanumbirini #2H
approximately 20,000km2 of airborne Carnarvon Managing Director and CEO, and #3H, Tamboran and Santos anticipate the
geophysical data over of its Northern Territory Mr Adrian Cook, said: “The nature of the drilling of two additional horizontal wells on
acreage. field, particularly in terms of it being in EP 161 in 2022, further delineating additional
The airborne survey will cover all or shallow water, also enables a development resources, capturing key data and informing
substantial portions of five (5) exploration facility to be installed in a timeframe that future development activity”.
permits (EPs 171, 174, 176, 190 and 191) and has the potential to result in the generation TAMBORAN RESOURCES, May 11, 2021
one (1) exploration application area (EP(A)
193) which cover the Batten Trough and Fault
Zone and a conventional oil and gas fairway
encompassing the Coxco Dolomite and
McArthur and Tawallah Group prospects and
structural closures (see map below).
Armour’s large portfolio of leads and
prospects includes multiple features within
four geological horizons that are adjacent to or
lie directly over deeper parts of the McArthur
Basin and the Beetaloo sub-basin that are
proven hydrocarbon kitchens. These kitchen
areas are known to produce both oil and gas
as demonstrated by several of the Company’s
discoveries across multiple conventional and
unconventional hydrocarbon bearing zones
- in the conventional Reward and Coxco
Dolomites and in the unconventional Barney
Creek, Wollogorang and McDermott Shales

Week 19 13•May•2021 www. NEWSBASE .com P13