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TMK Energy Limited ( (AU:TMK) ) has issued an announcement.
Record January output at Gurvantes lifted daily gas production 13% month on month to 23,800 scfd peak and 593m³ average, driven by the new LF-07 well which topped 10,000 scfd under the updated reservoir management plan despite harsh winter operations. Management sees the sixth straight monthly high and upcoming pressure build-up tests as strengthening confidence in reservoir performance and the case for on-site power generation to mitigate third-party outages.
The most recent analyst rating on (AU:TMK) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on TMK Energy Limited stock, see the AU:TMK Stock Forecast page.
More about TMK Energy Limited
TMK Energy Limited is an Australian-listed coal seam gas developer focused on the Gurvantes XXXV Project in Mongolia, targeting coal seam methane extraction for energy markets in the region.
Average Trading Volume: 239,488
Technical Sentiment Signal: Sell
Current Market Cap: A$21.83M
Find detailed analytics on TMK stock on TipRanks’ Stock Analysis page.