TMK Energy Limited (AU:TMK) has released an update.
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TMK Energy Limited has secured a crucial five-year environmental approval for the Gurvantes XXXV Project, enabling the company to drill up to 140 wells, which will advance the development of the substantial 1.2 TCF contingent resource. The approval, which follows extensive consultations, marks a significant step for TMK Energy, facilitating larger drilling programs set to commence in August 2024, and paves the way for increased gas production in Mongolia’s transition to lower carbon energy sources.
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