TMK Energy's new production milestone

TMK Energy (ASX:TMK) has commenced production from three newly drilled pilot wells at its Gurvantes XXXV Coal Seam Gas Project in Mongolia. This development advances the Mongolian CSG industry and increases the total number of operational wells on site to six. The company aims to prove the commercial viability of CSG resources in Mongolia.

Overview and future outlook for TMK Energy

TMK Energy Limited has successfully started production from three new pilot wells at the Gurvantes XXXV Coal Seam Gas Project in Mongolia. This step is crucial in demonstrating the commercial potential of CSG resources in the region. The six wells will be managed to optimize gas flow rates by gradually increasing pump speeds to reach critical desorption pressure. The project's strategic location near the Chinese border enhances its logistical advantages, positioning TMK Energy as a key player in supplying energy to the world's largest market. The company remains committed to supporting Mongolia's energy security and independence, aiming to be the first to deliver commercial gas production from its coal seam gas resources.

CEO's insights on recent developments

I am pleased to report the safe and efficient execution of our 2024 drilling program at the Gurvantes XXXV Project. The commissioning of these wells is a significant milestone, and I commend our team for their efforts in overcoming the challenges of operating in a foreign jurisdiction. We are optimistic about achieving commercial gas rates from the thick coal seams in Mongolia.