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Tamaska Oil and Gas Ltd (TMK)

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Company Deep Dive

Tamaska (TMK) is an oil and gas exploration company, who will acquire (pending shareholder approval) the unlisted public company Telmen Energy Limited, holder of the Gurvantes XXXV Coal Seam Gas (CSG) Project.

Located in the South Gobi Basin, Mongolia, Gurvantes XXXV CSG Project is located less than 20km from the Chinese-Mongolian border and close to the extensive Northern China gas transmission and distribution network. With 5.96 TCF of prospective gas, the company will commence a fully funded drilling program in Q1 2022.

Tamaska are also undergoing further development of their Australian based Napolean Project. The main target (197T) has a mean unrisked prospective resource of 1.5 TCF of gas and 66 million barrels of condensate.

Key Details
Established
2007
Sector
Energy
Headquartered
Perth, WA
Projects
2
Commodities
CSG, Oil and Gas
Updated: 01 Jan 2022

Why Invest in TMK

Recent acquisition of Telmen Energy Limited secured

Mongolian Gurvantes XXXV Coal Seam Gas project with 5.96 TCF of Independent Prospective Resource

Fully funded phase 1 drilling program of the Gurvantes XXXV Coal Seam Gas project to commence Q1 2022

Gurvantes XXXV is close to commercialisation and ideally situated for future gas sales to satisfy both local Mongolian and Chinese energy requirements

Australian located Napolean project with prospective resources of 1.5 TCF gas and 66m barrels of condensate

People

Board of Directors

Brett Lawrence

Managing Director

Mr Brett Lawrence has 15 years of diverse experience in the oil and gas industry. Mr Lawrence worked with Apache Energy for over eight years, performing roles in drilling engineering, reservoir engineering, project development and commercial management before seeking new venture opportunities with ASX listed companies.

Profile

Brett Lawrence

Managing Director

Mr Brett Lawrence has 15 years of diverse experience in the oil and gas industry. Mr Lawrence worked with Apache Energy for over eight years, performing roles in drilling engineering, reservoir engineering, project development and commercial management before seeking new venture opportunities with ASX listed companies.

Mr Lawrence was recently the Managing Director of ASX listed Macro Energy Limited. Brett holds a Master of Petroleum Engineering, a Bachelor of Engineering (Mining) and Bachelor of Commerce (Finance) from Curtin University in Western Australia. Mr Lawrence currently also holds a board position as a non-executive Director of Calima Energy Limited (ASX: CE1).

Tim Wise

Non-Executive Director

Mr Tim Wise is a corporate executive, experienced in the growth of early stage businesses, and providing strategic advice to a broad range of companies. Tim is the founder and former CEO of The Tap Doctor, and Kalina Power (ASX:KPO). Tim is currently a director of Phos Energy Ltd, and a non-executive director of Graft Polymer plc.

Logan Robertson

Non-Executive Director

Mr Logan Robertson holds a Masters of Finance from the University of New South Wales and Bachelor of Commerce from the University of Western Australia and has over 10 years finance and investment experience gaining initially with Argonaut and more recently with Hoperidge Capital, the family investment office of Rod Jones.

Profile

Logan Robertson

Non-Executive Director

Mr Logan Robertson holds a Masters of Finance from the University of New South Wales and Bachelor of Commerce from the University of Western Australia and has over 10 years finance and investment experience gaining initially with Argonaut and more recently with Hoperidge Capital, the family investment office of Rod Jones.

Hoperidge is one of Tamaska’s largest shareholders. Mr Robertson joined Hoperidge in January 2014, and is an analyst focused on investments in the resources, technology & industrial sectors and has expertise investing in, financing and overseeing the management of growth businesses.

Projects

Coal Seam Gas (CSG)

Gurvantes XXXV

  • Subject to due diligence and (50%) shareholder approval, Tamaska will acquire 100% interest in the Gurvantes XXXV Coal Seam Gas (CSG) Project.

  • Located in the South Gobi Basin, Mongolia, less than 20km from the Chinese-Mongolian border and close to the extensive Northern China gas transmission and distribution network.

  • The project covers 8,400 km2 in what is considered one of the most prospective under-explored basins for CSG globally.

  • 5.96 TCF of Independent Prospective Resource.

  • Fully funded by Talon Energy Ltd, an initial exploration program has commenced with the initial high impact, low-cost drilling program expected to commence in Q1 2022.

  • Project is close to commercialisation and has ~2,500 drill holes in the dataset.

 

Learn More
Map of Gurvantes XXXV project
Oil rig being towed by boat
Oil and Gas

Napoleon

  • TMK owns 20% of the Talisman Deep Project, which contains the Napoleon structure.

  • Located in WA-8-L below Talisman in the Barrow-Dampier Sub-basin (80-90m water depth).

  • Simple large structure - 3D reprocessing in progress - target size similar to Dorado and neighbouring Wanaea.

  • Proven productive reservoir (North Rankin Formation) at approx. 4,200m with proven seal (Murat Siltstone).

  • The Mean Gross Unrisked Prospective Resources for the main target (197T) are 1.5 TCF of gas and 66 million barrels of condensate.

 

Learn More

Key Milestones

Historical Milestones

3D pre-SDM reprocessing completed for Napolean
Option to acquire Telmen Energy Limited to develop the Gurvantes XXXV CSG Project

Future Milestones

Obtain shareholder approval for the Telmen Energy acquisition (Jan 2022)
Begin phase 1 drilling program of Gurvantes XXXV of at least 4 fully tested core holes (Feb 2022)
Phase 2 exploration of Gurvantes XXXV is to undertake a pilot well program
Further development of the Napoleon project

Investment

Investors

Craig Ian Burton

Charles Waite Morgan

Mr Raymond Jepp

Capital Raises

Completion of Share Placement
|Jan 2020

Funds raised will be used toward the Parta Project onshore Romania1 , principally in the identification of drilling targets from 3D seismic, and for general working capital. The acquisition of new 3D seismic is now scheduled to start in Q1 this year.

Raised $510,000
Offer Price $0.006
Notes Peloton Capital to receive 20 million options exercisable at 0.8 cents expiring on 30 June 2021

Documents

September Quarterly Activity Report

19 Oct 2021 | Quarterly Report
PDF (525.1 KB)

Annual Report For the year ended 30 June 2021

24 Sep 2021 | Annual Report
PDF (706.7 KB)

June Quarterly Activity Report

30 Jul 2021 | Quarterly Report
PDF (753.6 KB)

Talisman Deep Project – Napoleon Prospect Technical Presentation

11 Jun 2021 | Presentation
PDF (7145 KB)

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