InvestSMART

TMK Energy Limited (ASX:TMK)

ALERT: Price-sensitive ASX Announcement for TMK
Current share price for TMK : $0.140 0.01 (7.69%)+
Announcement
Release
4 Jun 2026 9:12AM
Price at Release
$0.130
Full Release
download
Summary
TMK Energy Limited has achieved its highest average gas production rate in May from the LF-07 project, with current rates showing a 10-20% increase. Under the new Production Manager, Danny Chong, efforts are underway to optimize production and design new wells. A significant agreement was signed to advance a 1MW Gas to Power project with a major Mongolian LPG importer, aimed at providing a reliable power source and reducing operational costs. This initiative also seeks to demonstrate the viability of coal seam gas for power generation. In regulatory developments, the company is preparing to transition its exploration area to a production license following the 2026 work program.
Key Points
  • May gas production reached the highest average rate to date from LF-07.
  • Current gas rates at LF-07 show a 10-20% increase above May’s average rate.
  • Appointment of Mr. Danny Chong as Production Manager to focus on production optimisation.
  • Signed an agreement with one of Mongolia’s largest LPG importers for a 1MW Gas to Power project.
  • The Gas to Power project aims to provide a reliable power source and reduce costs.
  • Project to prove coal seam gas as an economically viable fuel for power generation.
  • Meeting with regulator to convert exploration area to an exploitation license.
  • Process for conversion expected to start post completion of 2026 work program.
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.