Latest news with #TMKEnergyLimited
Sydney Morning Herald
3 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
3 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
3 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
6 days ago
- Business
- West Australian
TMK allies with Beijing-based J-Energy to speed up Mongolian gas play
TMK Energy Limited has signed a strategic alliance agreement with Beijing-based J-Energy, a leading energy consultancy, to accelerate the development of the company's Gurvantes XXXV coal seam gas project in Mongolia. The agreement outlines J-Energy's role in providing technical and commercial services, including geological, engineering and project development expertise, to help prepare a comprehensive field development plan. J-Energy, founded in 2016 by former Shell China leaders, brings a proven track record, having delivered high-value outcomes for other ASX-listed companies such as Sino Gas & Energy Holdings and ROC Oil Company. The alliance also encompasses operational and logistical support, leveraging J-Energy's network to procure equipment and services from China, a critical advantage given the project's proximity to the Shivee Khuren border crossing, less than 50 kilometres away and accessible via sealed roads. The strategic location enhances efficiency in sourcing major equipment, aligning with TMK's focus on cost-effective development. Additionally, J-Energy will help identify and engage potential financial or project partners. It will earn a success fee - payable in cash or equity - if investments are secured, fostering commercial pathways to advance Gurvantes XXXV. Ferguson said J-Energy chairman and CEO Jiao Bo and his team have the experience and reputation to help TMK create inroads into the broader Chinese market and would provide technical expertise as the company moves forward with the project. J-Energy's team, comprising more than 30 full-time staff and 60 part-time technical experts, has extensive experience with major Chinese energy firms such as CNPC, Sinopec and CNOOC, as well as international clients. The partnership positions TMK nicely to capitalise on J-Energy's technical excellence and regional connections, ensuring efficient project design and execution while tapping into China's robust energy infrastructure for logistical support. The alliance marks a pivotal step for TMK as it seeks to unlock the full potential of Gurvantes XXXV, a key asset in Mongolia's emerging coal seam gas sector. By combining J-Energy's industry-leading expertise with strategic proximity to China, TMK is well-placed to deliver a solid field development plan and attract high-value partnerships. The company's fledgling alliance with J-Energy establishes a dynamic course for the Gurvantes XXXV project, merging top-tier expertise with strategic logistics to drive rapid progress. With high-calibre partners and a clear path forward, TMK looks poised for success in Mongolia's energy landscape. Is your ASX-listed company doing something interesting? Contact:
