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TMK Energy Limited ( (AU:TMK) ) just unveiled an update.
TMK Energy has released a conceptual development plan and technical update for its Gurvantes XXXV coal seam gas project, supported by independent contingent and prospective resource estimates from Netherland, Sewell & Associates. The company confirms that the existing resource assessments, prepared under SPE PRMS guidelines, remain current with no material changes to assumptions or technical parameters, reinforcing the project’s potential scale and underpinning future development planning.
The update highlights classification of contingent resources across 1C, 2C and 3C categories and prospective resources across 1U, 2U and 3U, with probabilistic methods used for undiscovered gas volumes. By reaffirming these independently evaluated resources, TMK strengthens confidence in the recoverability and commercial potential of the Gurvantes XXXV project, which is central to its growth strategy and of interest to stakeholders tracking its path toward potential gas development.
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 ASX-listed energy company focused on coal seam gas (CSG) exploration and development. Its flagship asset is the Gurvantes XXXV CSG Project, for which independent resource estimates have been prepared in line with the 2018 Petroleum Resources Management System, targeting commercial gas recovery from multiple coal seam packages.
Average Trading Volume: 274,652
Technical Sentiment Signal: Sell
Current Market Cap: A$19.21M
Learn more about TMK stock on TipRanks’ Stock Analysis page.