Start of the SS-2H St1 and SS-3H stimulation campaign by Investing.com

Highlights

• Tamoran has begun the stimulation activities of the wells SHENANDOAH SOUTH 2H SIDETRACK (SS-2H ST1) and 3H (SS-3H) in the exploration permit of the Beetaloo EP 98 basin.
• The company plans to pump up to 119 stages of stimulation in the two wells with a small space between stages. The SS-2H St1 well is planned to include 43 stages in a horizontal section of 5,427 feet (1,654 meters) and the SS-3H well is planned to include 76 stages in a horizontal section of 9,766 feet (2,977 meters).
• The campaign is being carried out with the modern liberty energy stimulation equipment (NYSE: LBRT), which is the first 80,000 horses of hydraulic force (HHP) disseminated disseminated imported to the Beetaloo basin of the United States.
• It is expected that the increase in the power of the Liberty team will result in an increase> 25% in the screening intensity of> 2,800 pounds per foot, compared to the Shenondoah South 1h well. All stages are pumped with a slickwater water fluid design.

New York- (Business Wire)-The managing director and CEO of Tamoran Resources Corporation, Joel Riddle, said:

We are excited to start the stimulation program for SS-2H St1 and SS-3H wells in the Beetaloo basin with the modern stimulation team of Liberty Energy. It is expected that the increase in the power of this team will offer a change of step in the efficiency of stimulation and intensity of propositioning compared to the previous wells completed in the basin.

It is planned that this stimulation campaign is the largest in the Beetaloo basin to date, with up to 119 stages in a complete lateral length of 15,193 feet (~ 4,631 meters) in both wells, an average of ~ 127 feet per stage stimulated.

It is important to highlight that these wells are among the first to provide reliable energy to the territory of the north, and it is expected that production feed in the proposed project of 40 mmcf/d Shenandoah South Pilot.

We have successfully carried out stimulation programs during the wet season in the basin in the last two years, with campaigns in Amungee 2H (2022/23) and Shenandoah South 1h (2023/24). This experience gives us confidence in our ability to safely and efficiently do these operations throughout the year.

RESOURCES CORPORATION drum

Arbn 672 879 024
Torre One, International Torres
Suite 1, Level 39, 100 Barangaroo Avenue, Barangaroo NSW 2000, Australia
+61 2 8330 6626 www.tamboran.com

This announcement was approved and authorized for its launch by Joel Riddle, Executive Director of Tamoran Resources Corporation.

About Dramoran Resources Corporation

RESOURCES CORPORATION TAMBORA, (TAMBORAN OR THE COMPANY), through its subsidiaries, is the largest holder and surface operator with approximately 1.9 million possible net acres in the Beetaloo sub -basin within the McCarthur basin in the northern territory of Australia.

The key drum assets include a working interest and operation at 38.75% in EPS 98, 117 and 76, an interest and work operation of 100% in EP 136 and an un operated labor interest of 25% in EP 161, all located in the Beetaloo basin.

Discharge of responsibility

Tamoran does not make any representation, guarantee or guarantee on the precision or probability of satisfaction of any prospective statement or any expressed or implicit result in any statement with a vision of the future. Prospective statements in this report reflect the expectations maintained on the date of this document. Except as required by the applicable law or ASX listing rules, they drum renunciation of any obligation or commitment to publicly update any prospective declaration or discussion of future financial perspectives, either as a result of new information or future events.

The information contained in this announcement does not take into account the investment objectives, the financial situation or the particular needs of any recipient and is not advice of financial products. Before making an investment decision, the beneficiaries of this announcement must consider their own needs and situation and, if necessary, seek independent professional advice. To the maximum extent allowed by law, they drum and its officials, employees, agents and advisors do not provide guarantee, representation or guarantee on the precision, integrity or reliability of the information contained in this presentation. In addition, none of drum or their officials, employees, agents or advisors accept, to the extent allowed by law, the responsibility of any loss, claim, damages, costs or expenses that arise or in relation to the information contained in this announcement.

Note on prospective statements

This press release contains prospective statements related to the company in the sense of section 21E of the Actual Exchange Law of 1934, according to amended (the exchange law) and section 27a of the Values ​​Law of 1933, according to amended . Prospective statements reflect the company’s current expectations and projections on future events at the time and, therefore, imply uncertainty and risk. The words believe, expect, anticipate, they could, could, that can, plan, estimate, pretend, predict, potential, continue and the negatives of these words and other similar expressions generally identify statements with a vision of the future.

It is possible that the company’s future financial performance may differ from expectations due to a variety of factors, including, among others: our early stage of development without expected material income until 2026 and our limited operational history; the additional additional capital required for our business plan, which we can not be able to collect in acceptable terms; Our strategy to deliver to the east coast of Australia and the selected Asian markets that depend on the construction of an additional portfolio capacity, which may not be assured; the absence of proven reserves and the risk that our drilling does not produce natural gas in commercial quantities or quality; The speculative nature of drilling activities, which imply significant costs and may not lead to discoveries or additions to our future production or reserves; The challenges associated with the importation of practices and technology of the United States to the territory of the north, which could affect our operations and growth due to the local local experience; The critical need for timely access to appropriate equipment and infrastructure, which can affect our access to the market and the execution of the business plan; Operational complexities and inherent risks of drilling, completion, work work and hydraulic fracturing operations that could negatively affect our business; the volatility of natural gas prices and its possible adverse effect on our condition and financial operations; The risks of construction delays, excess costs and negative effects on our financial and operational performance associated with Midstream projects; The fundamental potential impact on our business if our Beetaloo evaluations are materially inaccurate; The concentration of all our assets and operations in Beetaloo, making us susceptible to the specific risks of the region; The substantial doubt raised by our recurring operational losses, negative cash flows and accumulative net losses about our ability to continue as a company in progress; Complex laws and regulations that could affect our operational costs and viability or lead to significant liabilities; opposition of the community that could result in expensive delays and prevent our ability to obtain the necessary government approvals; Exploration and development activities in Beetaloo that can lead to legal disputes, operational interruptions and reputation damage due to native titles and heritage problems; The requirement to produce natural gas in a zero net base in the field at the beginning of commercial production, with internal objectives for net zero operational, which can increase our production costs; The greatest attention to ESG issues and environmental conservation measures that could negatively affect our commercial operations; risks related to our corporate structure; Risks related to our common stock and CDI; and the other risk factors discussed in this report and the company’s presentations before the stock exchange and values.

It is not possible to provide or identify all these factors. Any prospective statement in this document is based on certain assumptions and analysis made by the company in the light of its experience and perception of historical trends, current conditions, the expected future developments and other factors that believe that they are appropriate in the circumstances. Prospective statements are not a guarantee of future performance and real results or developments may differ materially from expectations. While the company continually reviews the trends and uncertainties that affect the results of the company’s operations and financial condition, the company does not assume any obligation to update or complement any declaration of vision of the future contained in this document.

See the origin version in Businesswire.com: https://www.businesswire.com/news/home/20250123854017/en/

Investor consultations:
Chris Morbey, vice president “corporate development and relationships with investors
+61 2 8330 6626
Investments@tamboran.com

Media consultations:
+61 2 8330 6626
Average@tamboran.com

Source: Tamoran Resources Corporation