TMK Energy achieves drilling milestone

TMK Energy (ASX:TMK) has completed drilling three pilot production wells at the Gurvantes XXXV Coal Seam Gas Project. The final well, LF-04, reached a depth of 503 metres with 60 metres of net coal. Operations were safe, timely, and within budget. Equipment installation is ongoing, aiming for completion by November's end, vital for advancing towards commercial gas flows.

TMK Energy's strategic progress and future outlook

TMK Energy has successfully drilled three pilot production wells at the Gurvantes XXXV Coal Seam Gas Project, marking the end of its 2024 drilling campaign. The final well, LF-04, was drilled to 503 metres with 60 metres of net coal, matching expectations. The installation of downhole equipment is underway, with commissioning expected by November's end. This will double the number of operational wells, a key step towards accelerating reservoir depressurisation and achieving commercial gas flows. TMK Energy is fully funded to continue production testing and is optimistic about future results, indicating a strong strategic position moving forward.

Executive insights on drilling success

The completion of the 2024 drilling campaign is a significant milestone for TMK Energy. Our team and the drilling contractor, Major Drilling, have done an outstanding job, completing the wells safely, on time, and within budget. The next steps will be crucial as we aim to demonstrate commercial gas flows, and we are pleased with the progress towards this goal.