Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
TMK Energy Limited (ASX: TMK) continues to progress significantly at its Gurvantes XXXV Coal Seam Gas Project in Mongolia, achieving a new monthly record for gas production in February 2025. The project produced approximately 9,100m of gas, a 14% increase from January, with a new daily production record of 465m set on 4 March 2025. This growth highlights the success of TMK’s reservoir depressurisation strategy, with five out of six wells now operating at design fluid levels.
Despite temporary downtime on one well (LF-05) for pump maintenance, pressure build-up tests confirm a steady decline in reservoir pressure, approaching the critical desorption level—a key milestone for boosting gas production. Early Distributed Temperature Sensing (DTS) data suggests large sections of the reservoir are productive, reinforcing confidence in the project’s commercial viability. TMK’s ability to sustain operations through harsh winters further strengthens its long-term development potential in Mongolia.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.