Tamboran Resources (ASX:TBN) drilled the Shenandoah South-3H well at the Beetaloo Basin exploration permit EP 98 in the Northern Territory to the targeted depth of 21,169 feet, according to a filing with the Australian bourse.

The well will be stimulated following its casing with flow test results anticipated in the first quarter of next year, the Monday filing said.

The company's shares closed down more than 3% Tuesday.