TMK Energy Limited (AU:TMK) has released an update.
TMK Energy Limited has initiated drilling of the first out of a potential three new pilot production wells as part of the Lucky Fox Pilot Well Project, with operations expected to last seven to ten days per well. These wells are part of a larger effort to significantly increase gas production rates by quickly reaching the necessary gas desorption pressure. The company’s interim CEO is optimistic about demonstrating commercial gas flow rates in their wholly owned Gurvantes XXXV license area, positioning TMK as a leader in Mongolia’s emerging coal seam gas sector.
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