Quotations from the Q&A 25/2/25 on IP30 and Flow Testing1. On...

Quotations from the Q&A 25/2/25 on IP30 and Flow Testing

1. On Current Well Status and Transition Toward IP30 Testing:

“We’re in the flow back clean up phase. We’re probably nearing the end of it. We’ve just finished tubing the well, and once we do that, we’ll go straight into production testing.”

This confirms the well is nearing the end of clean-up and tubing has just been installed. Flow testing (which includes the IP30) will begin immediately after.

2. On the Timing and Significance of Soaking:

“There’s a little bit of a soak post completion, a few days here and there, but nothing meaningful. We’re not doing an extended soak, we’re not waiting on equipment or contractors. It’s just the natural sequence of events.”

This clarifies that any soak is minimal and not causing delays. The well is moving through a standard sequence—stim, clean-up, tubing, test.

3. On Expected Timing for IP30 Results:

“I’d expect we’ll get those IP30 results out in April. We’ll obviously be talking more when we’ve got the data, but that’s the plan.”

This is the clearest direct confirmation that IP30 results from SS-2H ST1 are targeted for public release in April.

4. On the Process from Stimulation to IP30:

“After stimulation, we flowed it for a while to bring down the water cut and bring gas to surface. That’s your clean-up. Now that we’ve run tubing, we’re in a better position to get consistent production data and move into a proper test.”

This gives a bit more technical detail about what clean-up involves and how tubing supports the IP30 period, by improving flow consistency and measurement accuracy.

5. On the Broader Context and Importance of IP30:

“This is one step in the process. IP30 is useful, but it’s not the destination. We’re focused on repeatability and building up to pilot production and sales gas.”

This highlights that while IP30 is a milestone, it’s not the ultimate goal—Tamboran is focused on scalability and commercial output, not just test data.