TMK confirms high gas contents in final tests at Gurvantes, 2023 step out drilling on horizon

Fri 28 Oct 22, 11:40am (AEST)
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Key Points

  • TMK Energy is moving towards an updated resource estimate on-site using the results of the latest gas desorption tests on-site
  • TMK Energy’s Snow Leopard campaign marked the maiden drilling run at Gurvantes XXXV coal seam gas project
  • In 2023, the company will move ahead with a series of step-out wells along strike of existing wells targeting two tiered coal seam

TMK Energy (ASX:TMK) is moving towards an updated resource estimate for the gas reserves contained at its Gurvantes XXXV CSG project, with the results of final desorption tests from the Snow Leopard campaign trickling in. 

That resource will be published by Netherland, Sewell and Associates (NSAI), expected to be published by mid-November.

Final gas contents readings will be delivered to the company within the month from SL-03R, SL-04, SL-05, and SL-05R. 

The company continues to report high-quality natural gas at concentrations of 96% methane coming from two coal seams underground stacked one on top of the other. Natural gas is mostly methane. Gas saturation levels are at up to 80%.

Pilot well location locked in 

TMK Energy’s pilot well program will be spud alongside the Snow Leopard-2 (SL-2) well, which confirmed a two-tiered coal seam system underground. 

SL-05R has also been revealed as the company’s best well in terms of permeability, suggesting a high chance of success in extracting natural gas from the asset. 

Focus shifting to resource: management 

“Work continues apace following completion of the drilling program with focus now shifting to completion of the initial contingent resource estimate,” TMK Energy CEO Brendan Statts said. 

“At this stage, the planned 2023 program includes drilling several step out exploration wells along strike that we anticipate will continue to prove up the scale of the project.” 

“[We also expect to] demonstrate the proof of concept with gas to surface from our initial pilot well program.” 

TMK Energy's three month charts
TMK Energy's three month charts
Disclaimer: Market Index helps small-cap ASX listed companies connect with Australian investors through clear and concise articles on key developments. TMK was a client at the time of publishing. All coverage contains factual information only and should not be interpreted as an opinion or financial advice.


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Written By

Jonathon Davidson

Finance Writer

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication.

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