TMK Energy Limited (AU:TMK) has released an update.
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TMK Energy Limited has achieved positive results from testing at the Lucky Fox Pilot Well complex, confirming potential for a major coalbed methane project in Mongolia’s South Gobi Desert. With all significant capital works completed and additional funding of $2.5 million secured, the company is advancing to drill more wells in 2024 to reach commercial gas flow rates. The strategic expansion is supported by the consolidation of project ownership and the engagement of independent technical experts confirming the project’s promising attributes.
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