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The latest announcement is out from TMK Energy Limited ( (AU:TMK) ).
TMK Energy Limited announced significant progress in its Gurvantes XXXV Pilot Well Project, with a notable reduction in reservoir pressure at the LF-02 well. This reduction is crucial for achieving critical desorption pressure, which is expected to lead to increased gas flows. The company is planning to drill an additional production well to meet license commitments and boost production capacity, indicating positive operational momentum and potential growth in gas production rates.
More about TMK Energy Limited
TMK Energy Limited operates in the coal seam gas (CSG) industry, focusing on the development and production of natural gas from coal seams. The company’s primary project, Gurvantes XXXV, aims to enhance gas production capacity through strategic drilling and reservoir management.
Current Market Cap: A$25.56M
See more data about TMK stock on TipRanks’ Stock Analysis page.