TMK Energy Limited (AU:TMK) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
TMK Energy Limited has successfully commenced production from three new pilot wells at its Gurvantes XXXV Coal Seam Gas Project in Mongolia, enhancing its gas production capacity. By operating six pilot wells, the company aims to reach critical desorption pressure swiftly, potentially leading to increased gas flow rates and advancing the feasibility studies. This achievement marks a significant step in demonstrating commercial gas production potential from Mongolia’s coal seam gas resources.
For further insights into AU:TMK stock, check out TipRanks’ Stock Analysis page.