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TMK Energy Limited ( (AU:TMK) ) has issued an update.
TMK Energy Limited has successfully completed the LF-07 pilot production well at its Gurvantes XXXV Coal Seam Gas Project, with commissioning underway and production expected to begin shortly. The company has also completed maintenance on the LF-06 well, returning it to production. With seven wells now operational, TMK Energy aims to enhance water and gas production rates while reducing reservoir pressure. The completion of drilling marks the end of significant capital expenditure, allowing the company to focus on optimizing production and seeking project partners for further development.
More about TMK Energy Limited
TMK Energy Limited is a company operating in the coal seam gas (CSG) industry, focusing on the development and production of gas resources. The company is engaged in the Gurvantes XXXV Coal Seam Gas Project, aiming to optimize gas and water production rates.
Current Market Cap: A$20.44M
Learn more about TMK stock on TipRanks’ Stock Analysis page.