TMK Optimises Development Strategy as Pilot Gas Production Reaches New High
TMK Energy Limited (ASX: TMK) has reported continued operational progress at its 100%-owned Gurvantes XXXV Coal Seam Gas Project in Mongolia, with gas production increasing month-on-month throughout the June quarter to deliver the Company's highest quarterly production to date. Current gas production from the Pilot Well Project has reached approximately 28,000 standard cubic feet per day, reflecting continued reservoir depressurisation and improving gas desorption around the wellbore. Following an independent technical review, TMK has refined its 2026 Work Program to prioritise near-term production growth through well re-completions and the drilling of an additional pilot production well. The Company also advanced plans for its proposed 1MW gas-to-power project under a Memorandum of Understanding with Dashvaanjil Group LLC, with engineering and design nearing completion ahead of targeted commissioning later this year. TMK ended the quarter with AU$5.4 million in cash and no debt, providing funding to execute its optimised development programme.
Customer Notice:
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
TMK Optimises Development Strategy as Pilot Gas Production Reaches New High
TMK Energy Limited (ASX: TMK) has reported continued operational progress at its 100%-owned Gurvantes XXXV Coal Seam Gas Project in Mongolia, with gas production increasing month-on-month throughout the June quarter to deliver the Company's highest quarterly production to date. Current gas production from the Pilot Well Project has reached approximately 28,000 standard cubic feet per day, reflecting continued reservoir depressurisation and improving gas desorption around the wellbore. Following an independent technical review, TMK has refined its 2026 Work Program to prioritise near-term production growth through well re-completions and the drilling of an additional pilot production well. The Company also advanced plans for its proposed 1MW gas-to-power project under a Memorandum of Understanding with Dashvaanjil Group LLC, with engineering and design nearing completion ahead of targeted commissioning later this year. TMK ended the quarter with AU$5.4 million in cash and no debt, providing funding to execute its optimised development programme.
Customer Notice:
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au