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An announcement from TMK Energy Limited ( (AU:TMK) ) is now available.
TMK Energy Limited has announced progress in its Gurvantes XXXV Coal Seam Gas Project in Mongolia, with recent tests at the LF-06 well confirming a reduction in reservoir pressure, aligning with updated simulation models. This progress indicates that the project is on track to reach critical gas desorption pressure, which is essential for increasing gas production rates, although significant increases are not expected until this pressure is achieved.
More about TMK Energy Limited
TMK Energy Limited is a company operating in the energy sector, focusing on coal seam gas (CSG) projects. The company is engaged in the exploration and development of gas resources, with a significant project being the Gurvantes XXXV Coal Seam Gas Project in Mongolia.
Average Trading Volume: 322,971
Technical Sentiment Signal: Sell
Current Market Cap: A$23.94M
See more insights into TMK stock on TipRanks’ Stock Analysis page.