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TMK Energy Limited (ASX:TMK)

ALERT: Price-sensitive ASX Announcement for TMK
Current share price for TMK : $0.155 0.025 (19.23%)+
Announcement
Release
2 Jul 2026 8:53AM
Price at Release
$0.130
Full Release
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Summary
TMK Energy Limited announced an operations update for June 2026, highlighting an increase in average daily gas production at the Gurvantes XXXV Pilot Well Project, with a notable 8% rise over the previous month. The company observed a second significant gas spike at well LF-07, leading to a 20% increase in gas rates. TMK completed a tender process for pilot well drilling, awarding the contract to Major Drilling, with plans to commence the 2026 drilling and workover program in August. Additionally, TMK's Power Generation Project with Dashvaanjil Group is nearing the completion of its design and engineering phase. Dashvaanjil Group was recognized as a top enterprise in Mongolia, which aligns with TMK's strategy for a gas-fired power project in Mongolia.
Key Points
  • Average daily gas production increased by 8% in June 2026.
  • Second significant gas spike at LF-07 observed.
  • Gas rates at LF-07 increased by 20% over May.
  • Major Drilling won the tender for pilot well drilling.
  • Drilling and workover program to start in August 2026.
  • Power Generation Project design near completion.
  • Dashvaanjil Group recognized as a top Mongolian enterprise.
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.