Latest news with #LF-07
Sydney Morning Herald
2 days ago
- Business
- Sydney Morning Herald
TMK Energy strikes thick coal in latest Mongolia gas pilot well
TMK Energy Limited has intersected 54 metres of net coal at its Gurvantes XXXV coal seam gas (CSG) project in Mongolia's South Gobi Basin, mirroring the thickness of nearby pilot wells and reinforcing the project's consistency and potential. The results of the 420m-deep Lucky Fox LF-07 pilot production were also well-aligned with the company's expectations. 'Net coal' is the cumulative thickness of coal seams intersected by a CSG well, excluding non-coal layers such as shale or sandstone within the drilled interval. It represents the effective coal thickness available for gas extraction and is typically measured in feet or metres. 'This is yet another successful outcome for our Pilot Project, with the latest pilot production well intersecting the upper coal seam at the prognosed depth and expected thickness.' TMK Energy CEO Mr Dougal Ferguson Drilled under a fixed-cost contract with Major Drilling's advanced TDX200 rig - deployed in Mongolia for the first time - the operation was completed safely and efficiently. The rig is now demobilising and TMK will soon install downhole pumps and connect the LF-07 well to production facilities, with commissioning expected in the coming weeks. The latest milestone caps an active and productive year for TMK, with four new pilot wells drilled that significantly expand the Lucky Fox field's capacity and output. LF-07 is set to enhance depressurisation efforts at the project, which is a critical step toward achieving commercial gas flow rates. TMK Energy CEO Dougal Ferguson said: 'This is yet another successful outcome for our Pilot Project, with the latest pilot production well intersecting the upper coal seam at the prognosed depth and expected thickness. With the well securely behind casing, the next stage is installation of the down hole pump and associated equipment followed by commissioning activities which will be undertaken over the coming weeks, after which the well can be placed on production.'
The Age
2 days ago
- Business
- The Age
TMK Energy strikes thick coal in latest Mongolia gas pilot well
TMK Energy Limited has intersected 54 metres of net coal at its Gurvantes XXXV coal seam gas (CSG) project in Mongolia's South Gobi Basin, mirroring the thickness of nearby pilot wells and reinforcing the project's consistency and potential. The results of the 420m-deep Lucky Fox LF-07 pilot production were also well-aligned with the company's expectations. 'Net coal' is the cumulative thickness of coal seams intersected by a CSG well, excluding non-coal layers such as shale or sandstone within the drilled interval. It represents the effective coal thickness available for gas extraction and is typically measured in feet or metres. 'This is yet another successful outcome for our Pilot Project, with the latest pilot production well intersecting the upper coal seam at the prognosed depth and expected thickness.' TMK Energy CEO Mr Dougal Ferguson Drilled under a fixed-cost contract with Major Drilling's advanced TDX200 rig - deployed in Mongolia for the first time - the operation was completed safely and efficiently. The rig is now demobilising and TMK will soon install downhole pumps and connect the LF-07 well to production facilities, with commissioning expected in the coming weeks. The latest milestone caps an active and productive year for TMK, with four new pilot wells drilled that significantly expand the Lucky Fox field's capacity and output. LF-07 is set to enhance depressurisation efforts at the project, which is a critical step toward achieving commercial gas flow rates. TMK Energy CEO Dougal Ferguson said: 'This is yet another successful outcome for our Pilot Project, with the latest pilot production well intersecting the upper coal seam at the prognosed depth and expected thickness. With the well securely behind casing, the next stage is installation of the down hole pump and associated equipment followed by commissioning activities which will be undertaken over the coming weeks, after which the well can be placed on production.'
West Australian
2 days ago
- Business
- West Australian
TMK Energy strikes thick coal in latest Mongolia gas pilot well
TMK Energy Limited has intersected 54 metres of net coal at its Gurvantes XXXV coal seam gas (CSG) project in Mongolia's South Gobi Basin, mirroring the thickness of nearby pilot wells and reinforcing the project's consistency and potential. The results of the 420m-deep Lucky Fox LF-07 pilot production were also well-aligned with the company's expectations. 'Net coal' is the cumulative thickness of coal seams intersected by a CSG well, excluding non-coal layers such as shale or sandstone within the drilled interval. It represents the effective coal thickness available for gas extraction and is typically measured in feet or metres. Drilled under a fixed-cost contract with Major Drilling's advanced TDX200 rig - deployed in Mongolia for the first time - the operation was completed safely and efficiently. The rig is now demobilising and TMK will soon install downhole pumps and connect the LF-07 well to production facilities, with commissioning expected in the coming weeks. The latest milestone caps an active and productive year for TMK, with four new pilot wells drilled that significantly expand the Lucky Fox field's capacity and output. LF-07 is set to enhance depressurisation efforts at the project, which is a critical step toward achieving commercial gas flow rates. Gurvantes XXXV spans 8400 square kilometres and contains Mongolia's largest 2C contingent resource of 1.2 trillion cubic feet (TCF) of natural gas. The project's prospective resource of 5300 billion cubic feet (BCF) positions TMK as a key player in Mongolia's transition to cleaner energy. The LF-07 success follows closely on the heels of TMK's strategic alliance with Beijing-based J-Energy, announced earlier this week. The new partnership taps into J-Energy's extensive expertise, led by former Shell China professionals, to advance the Gurvantes project. J-Energy will provide geological, engineering and project development support to craft a comprehensive field development plan. The alliance also streamlines logistics, leveraging the project's proximity - via less than 50 kilometres of sealed roads - to the Shivee Khuren border crossing with China, which greatly facilitates equipment and service procurement. J-Energy's proven track record with ASX-listed firms such as Sino Gas & Energy Holdings bolsters confidence in their ability to deliver high-value outcomes. Furthermore, J-Energy will help TMK recruit financial or project partners and earn a success fee - payable in cash or equity - if investments are secured. The collaboration enhances TMK's ability to scale operations and attract high-calibre partners, capitalising on Mongolia's push for a domestic gas industry and China's robust energy market demand. The latest capped and completed well, together with the new strategic alliance, signals a bright future for TMK as it moves closer to commercial production and boosts its role in delivering cleaner energy solutions for the region. The company looks set to accelerate Mongolia's coal seam gas revolution, paving the way for long-term sustainable energy growth. Is your ASX-listed company doing something interesting? Contact:
West Australian
28-07-2025
- Business
- West Australian
TMK starts drilling seventh gas production well in Mongolia
TMK Energy has started drilling a seventh production well to increase capacity at its Lucky Fox Pilot Well project in southern Mongolia, using a larger, more powerful TXD200 rig for the first time in the country. Canadian firm Major Drilling is drilling the LF-07 pilot production well to further reduce the reservoir pressure towards the targeted critical desorption pressure. The additional well should boost the depressurisation sought at the project and bump up total production capacity. A recent independent technical review recommended management utilise the larger TDX200 rig, which also has a more advanced mud system to drive drilling efficiencies. The new well is being completed on a fixed cost 'turnkey' contract with Major Drilling to minimise TMK's exposure to cost overruns. The Canadian-based drilling firm has drilled all six previous pilot wells at the project site. The Lucky Fox project, which is part of TMK's wider Gurvantes XXXV coal seam gas project, has progressively lifted gas output this year, setting several monthly records for gas volume produced. The company expects to shortly produce commercial rates of gas across its 60-square-kilometre project in the Nariin Sukhait area of Mongolia's vast countryside. Management has recently had pressure build-up tests conducted at its LF-01, LF-02 and LF-03 wells, encouragingly demonstrating significant reductions in the reservoir pressure within the past two years and providing an overall improvement in reservoir depressurisation. The first gas slugs, large high-pressure gas bubbles, which have formed in its Lucky Fox wells LF-04 and LF-06, imply that the pilot well program is heading towards critical desorption pressure. One of the company's key objectives this year is to reduce the reservoir pressure below the critical desorption pressure, with gas rates anticipated to increase substantially when the objective is achieved. That's why the company has drilled three new production wells this year - LF-07 will be the fourth. The latest well will help meet the company's licence commitment for further pilot wells this year at its Gurvantes XXXV project and boost the production capacity at the complex. TMK believes the additional well will help provide the extra pumping capacity needed to quickly reach the critical desorption pressures for the project to deliver an immediate uplift in gas production. After completing LF-07, the company plans to drill up to five exploration wells in a highly prospective area, about 60km east of Nariin Sukhait. The 2025 exploration drilling program is considered relatively low-cost but could have a big impact on building the company's significant 2C contingent resources in the region. The company's contingent resource of 1214 billion cubic feet (BCF) of natural gas is Mongolia's biggest. The project currently contains a 5300BCF prospective resource across a total 8400 square kilometres of ground. Like many nations, Mongolia is keen to transition away from energy produced from burning coal. Coal seam gas is considered ideal as a 'clean transition fuel' because it emits about half the carbon of coal-generated electricity and burns cleaner than other fossil fuels. TMK believes its Gurvantes XXXV project has the tremendous advantage of proximity to northern China's gas pipelines and provides the company with the opportunity to become a regionally significant, reliable source of natural gas supply for Mongolia's domestic market and the region's energy infrastructure. Is your ASX-listed company doing something interesting? Contact:
West Australian
08-07-2025
- Business
- West Australian
TMK contracts rig for final Mongolian pilot production well
TMK Energy has signed a contract with Major Drilling Group to drill its latest and likely final pilot production well at TMK's Lucky Fox well complex in the company's Gurvantes XXXV coal seam gas project in Mongolia. The Canadian-listed international drilling company has drilled TMK's previous six pilot wells for the project. The company flagged the imminent signing of the contract at the end of June, while also indicating that it expected the new Nariin Sukhait Lucky Fox LF-07 well would be spud in the coming weeks. That timing places the start of drilling in the second half of July, following Mongolia's main annual holiday break, known as the Naadam festival. For the first time, the company is employing a bigger and more powerful TXD200 drill rig than those used previously, which includes a more advanced mud system expected to improve drilling efficiencies. The LF-07 well will complement the six existing pilot production wells at Nariin Sukhait, where recent pressure build-up tests on wells LF-01, LF-02 and LF-03 have shown that the well-field has significantly reduced the reservoir pressure over the past two years. The latest well has been selected to infill the existing pilot well pattern and to optimise data gathering and gas production rates from the pilot project. Being located up-dip from well LF-05 and on-strike east and west, respectively, from wells LF-01 and LF-02, the latest well will reveal if the pressure drop observed in LF-01 and LF-02 is also evident at LF-07. If a comparable pressure drop is reflected in LF-07 tests, it will support inferred continuity of gas flow towards the favourable up-dip position, making LF-07 a likely early gas producer. In the current pilot well project, the vertical production wells are the company's primary focus as it seeks to prove that commercial gas flows can be achieved from the upper coal seam. After completing LF-07, the company plans to drill up to five exploration wells in a highly prospective area, about 60 kilometres east of Nariin Sukhait. The 2025 exploration drilling program is considered relatively low-cost but could have a big impact on building the company's significant 2C contingent resources in the region. Together with LF-07, the proposed drilling program meets the minimum 2025 work program commitment under TMK's production sharing contract. Management says finishing its LF-07 drilling will mark a significant milestone for TMK. Is your ASX-listed company doing something interesting? Contact:
