TMK Energy Ltd (TMK)
Key Information
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Company Deep Dive
TMK Energy is an ASX listed oil and gas exploration company, who holds a 100% interest in the Gurvantes XXXV Coal Seam Gas (CSG) Project.
Located in the South Gobi Basin, Mongolia, Gurvantes XXXV CSG Project is 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.
The Gurvantes XXXV CSG Project has produced Gas discoveries at the first two completed wells to date - Snow Leopard 1 (60m net) and Snow Leopard 2 (91m net) with encouraging permeability results.
Tamaska is 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.
Highlights
Recent gas discoveries during drilling program of Gurvantes XXXV Project
High permeability with flow of 1,090 millidarcy metres logged at Snow Leopard 2
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 has commenced 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
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People
Board & Management
Brendan Stats
Brendan is a Geologist with fifteen years of experience in the Natural Resources industry. He holds a Bachelor of Science (BSc, Geology (hons)) from the University of Melbourne.
Brendan Stats
Chief Executive Officer
Brendan is a Geologist with fifteen years of experience in the Natural Resources industry. He holds a Bachelor of Science (BSc, Geology (hons)) from the University of Melbourne.
Brendan has been on the ground living or working in Mongolia since 2011 with a particular focus and expertise on coal projects located within the South Gobi basin. Brendan’s role as CEO of TMK is to lead the Project development through the early stages of exploration and evaluation.
Dougal Ferguson
Dougal is an experienced oil and gas executive with substantial international experience. Former Managing Director of several ASX listed oil and gas exploration companies included XCD Energy Limited (ASX:XCD) and Elixir Energy Limited (ASX:EXR).
Dougal Ferguson
Chief Commercial Officer
Dougal is an experienced oil and gas executive with substantial international experience.
Former Managing Director of several ASX listed oil and gas exploration companies included XCD Energy Limited (ASX:XCD) and Elixir Energy Limited (ASX:EXR).
Dougal is a Member of the Australian Institute of Company Directors and has previously qualified as a Corporate Secretary and CPA.
Brett Lawrence
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.
Brett Lawrence
Non-Executive 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
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.
Stuart Baker
Mr Baker has more than four decades of experience in the oil and gas sector and currently provides independent advice to corporates and investors in the Australian oil and gas industry. Previously he was Executive Director, Morgan Stanley with dual roles as Co-Head Asia Oil, Gas and Chemicals Research and team leader, Australian energy, mining and utility research, with positions held over a 13-year period.
Stuart Baker
Non-Executive Director
Mr Baker has more than four decades of experience in the oil and gas sector and currently provides independent advice to corporates and investors in the Australian oil and gas industry. Previously he was Executive Director, Morgan Stanley with dual roles as Co-Head Asia Oil, Gas and Chemicals Research and team leader, Australian energy, mining and utility research, with positions held over a 13-year period.
He also worked as a Petrophysical Engineer at Schlumberger Inc. based in South east Asia, rising to General Field Engineer. Mr Baker is currently a member of the investment committee of resource focused ASX listed Lowell Resources Fund (ASX:LRT). Mr Baker has been a director of Central Petroleum Limited (ASX:CTP) since 7 December 2018.
Gema Gerelsaikhan
Ms Gerelsaikhan has more than ten years of experience in marketing/communications and business development in real estate, mining and hospitality sectors. Previously she was Director of Communications / Marketing at Shangri-La Hotel, Ulaanbaatar. She also headed the Singapore and Hong Kong offices of Asia Pacific Investment Partners (APIP) as Chief Marketing & Business Development Officer.
Gema Gerelsaikhan
Non-Executive Director
Ms Gerelsaikhan has more than ten years of experience in marketing/communications and business development in real estate, mining and hospitality sectors. Previously she was Director of Communications / Marketing at Shangri-La Hotel, Ulaanbaatar. She also headed the Singapore and Hong Kong offices of Asia Pacific Investment Partners (APIP) as Chief Marketing & Business Development Officer.
Prior to joining APIP, Ms Gerelsaikhan was Business Analyst at SouthGobi Resources, a TSX & HKEx listed coal mining company (TSX:SGQ & HKEx: 1878). She is a founding member of both Mongolian Chamber of Commerce in Hong Kong, as well as Mongolian Chamber of Trade and Commerce in Singapore (currently serving as President). She holds Master’s and Bachelor’s degree in Economics and Business Administration from Roskilde University in Denmark.
Tsetsen Zantav
Tsetsen is the founding Director of Telmen Resources LLC, the 100% owned subsidiary of TMK Energy Limited. Tsetsen held a number of corporate roles prior to founding the Telmen Group where he is currently the CEO (since 2007). The Telmen Group is responsible for a number of high profile, successful developments in Mongolia as well as in Russia and China.
Tsetsen Zantav
Strategic Advisor to the Board
Tsetsen is the founding Director of Telmen Resources LLC, the 100% owned subsidiary of TMK Energy Limited. Tsetsen held a number of corporate roles prior to founding the Telmen Group where he is currently the CEO (since 2007). The Telmen Group is responsible for a number of high profile, successful developments in Mongolia as well as in Russia and China.
Tsetsen was awarded the Polar Star by order of the President of Mongolia for his contribution to the low-income housing development in Nalaikh District. Tsetsen brings a wealth of experience and expert skills in Strategic Management, Business Leadership, Project Management, Contracts, and Negotiations.
Ganzorig Vanchig
Ganzorig is General Manager of Telmen Resource LLC, the 100% owned subsidiary of TMK Energy Limited. Ganzorig is a Geologist with 12 years experience in the Resources Industry, working at Mongolian company Energy Resources LLC and Australian Stock Exchange listed RPMGlobal. Ganzorig holds a degree in Applied Science from the Mongolian University of Science and Technology.
Ganzorig Vanchig
General Manager
Ganzorig is General Manager of Telmen Resource LLC, the 100% owned subsidiary of TMK Energy Limited. Ganzorig is a Geologist with 12 years experience in the Resources Industry, working at Mongolian company Energy Resources LLC and Australian Stock Exchange listed RPMGlobal. Ganzorig holds a degree in Applied Science from the Mongolian University of Science and Technology.
Ganzorig has experience in providing project management, leading exploration projects, due diligence studies, feasibility studies and resource estimation. He has worked on many of the exploration and production projects in Mongolia and has also worked in Australia, Indonesia, Russia, Laos.
Projects
Gurvantes XXXV
TMK Energy is the 100% owner of 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.
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.
Key Milestones
Historical Milestones
Future Milestones
