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TMK Energy Limited ( (AU:TMK) ) has provided an announcement.
TMK Energy Limited has successfully commenced gas flows from three newly drilled pilot production wells at the Gurvantes XXXV Coal Seam Gas Project, doubling total field gas production as all six pilot wells are now flaring gas. This development is ahead of the expected timeline and marks a significant milestone in their operations, although current gas flows are not yet considered commercial. The progress indicates a positive trajectory for the company, with expectations to reach critical desorption pressures necessary for increased gas flow rates by late Q1 or early Q2 of 2025, which could enhance the project’s viability and benefit stakeholders.
More about TMK Energy Limited
TMK Energy Limited is a company operating in the coal seam gas (CSG) industry, focusing on the development and production of natural gas resources. Their primary project is the Gurvantes XXXV Coal Seam Gas Project, where they are engaged in drilling and gas production activities.
Current Market Cap: A$18.65M
Find detailed analytics on TMK stock on TipRanks’ Stock Analysis page.