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The Northern Territory Government has provided Tamboran exclusivity over 170-hectares (420-acres) on the Middle Arm Sustainable Development Precinct for a proposed LNG development, Northern Territory LNG (NTLNG). NTLNG is expected to be supported by low reservoir CO2 gas from the Beetaloo Basin.
The Northern Territory Government has provided Tamboran Resources Ltd (ASX:TBN, OTC:TBNRF) exclusivity over 170 hectares (420 acres) on the Middle Arm...
The Northern Territory Government has provided Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) exclusivity over 170-hectares on the Middle Arm Sustainable Development Precinct for a proposed LNG development, Northern Territory LNG.
Preliminary analysis of the logging-while-drilling and wireline log data available at Neon-2 has confirmed that, as at Neon-1, the Paleocene sandstone primary target zones are present and oil bearing at this location.
Karoon reports that the Neon-2 control well reached a final total depth of 2,357 metres MD on 7 March 2023. The well was spudded to the northeast of the Echidna-1 discovery well. Neon-2 encountered net oil pay of 105 metres and reservoir quality similar or better than Echidna-1 and Neon-1, and with a similar pressure regime.