Flares, page-117

It’s likely that IP30 finished in the last week or so.

https://hotcopper.com.au/posts/78370895/single

Key Insights from the JR/Chuck Yates Interview

1. Clean-Up and Soaking:

“We’re in the flow back clean up phase. We’re probably nearing the end of it.”

This confirms that as of the interview (early-to-mid March), SS-2H ST1 is approaching the end of clean-up. That lines up with Tamboran’s statement that IP30 will be reported in April. After clean-up, the well must flow continuously for 30 days to establish IP30.

“There’s a little bit of a soak post completion, a few days here and there, but nothing meaningful.”

Soaking in this case isn’t materially delaying operations—it’s short and used more for well integrity and pressure optimisation than for reservoir stimulation.

2. Tubing Installation:

“We’ve just finished tubing the well…”

This validates the industry assumption from SmallFish’s analysis: tubing is typically run after clean-up but before extended production testing. Tubing improves gas lift and reduces back pressure, optimising flow measurement during the IP30 period.

3. Production Testing Commencement:

“We’ll go straight into production testing…”

This reinforces that the team plans no meaningful delay between tubing and the start of the IP30 test. Given the timing of the interview, testing should start mid-to-late March, which makes an April IP30 result entirely feasible.

4. Strategic Philosophy – Minimise Disruption, Prioritise Execution:

“The market can be noisy and look at this as binary or momentous, but we’re just focused on execution.”

Tamboran’s focus isn’t short-term PR but long-term delivery—the IP30 is an important data point, not the endgame. This explains their calm posture despite delays on SS-3H or chatter about whether tubing has been run.

“We’re not waiting on equipment or contractors… It’s just the natural sequence of events.”

This puts to rest any concerns that IP30 timing is being affected by equipment availability or contractor issues. The well is progressing as planned, and the April timeline holds.

5. On SS-3H Timing:

“We’ll likely get to that [SS-3H stimulation] in April or May.”

This aligns perfectly with the mid-2025 IP30 timeline for SS-3H, as mentioned in the February quarterly report.