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TMK Energy Limited (ASX:TMK)
ALERT: Price-sensitive ASX Announcement for TMK
Current share price for TMK : $0.130 0.128 (5,100%)+
Announcement
Release
27 Oct 2025 9:39AM
Price at Release
$0.003
Full Release
Summary
TMK Energy Limited reported significant progress in its Gurvantes XXXV Coal Seam Gas project for the quarter ending 30 September 2025. The company successfully drilled and commissioned the LF-07 well, adding to its existing production wells and commenced its 2025 exploration program. An oversubscribed $3.5 million capital raising was completed to support these initiatives. Strategic staffing enhancements were made, including the appointment of a new Operations Superintendent and a CSG reservoir engineer. A Strategic Alliance Agreement with J-Energy was also established to aid in project execution and finding partners. Cash flow showed a positive increase due to financing activities, and a consolidation of shares was proposed to improve liquidity.
Key Points
- LF-07 successfully drilled and producing gas.
- 2025 exploration program commenced.
- $3.5 million oversubscribed placement completed.
- Strategic Alliance Agreement with J-Energy.
- New Operations Superintendent and CSG reservoir engineer appointed.
- Proposed consolidation of shares for improved liquidity.
- Positive cash flow from financing activities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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