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TMK Energy Limited (ASX:TMK)

ALERT: Price-sensitive ASX Announcement for TMK
Current share price for TMK : $0.125 -0.01 (-7.41%)+
Announcement
Release
11 Aug 2026 9:19AM
Price at Release
$0.135
Full Release
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Summary
TMK Energy Limited announced a steady increase in its daily gas production at the Gurvantes XXXV Pilot Well Project, with July 2026 production averaging 778 cubic meters per day, marking a 5% rise from June. The August average is over 800 cubic meters daily, nearing their next milestone. The company is gearing up for its 2026 Work Program, which involves new drilling initiatives and optimizing existing wells. Steve Skinner's appointment as COO and recent advancements in the Gas to Power Project signal strategic enhancements, with the latter expected to be online by year's end. Final preparations and contract negotiations are in advanced stages, setting the groundwork for continued development.
Key Points
  • TMK Energy reported an increase in average daily gas production for July 2026.
  • July's gas production averaged 778 cubic meters per day, a 5% increase from June.
  • August's daily gas production is exceeding 800 cubic meters per day.
  • TMK Energy is preparing for the 2026 Work Program, focusing on new drilling and well optimization.
  • Steve Skinner was appointed as Chief Operating Officer in July 2026.
  • The Gas to Power Project (GPP) is expected to be operational by the end of 2026.
  • Contract negotiations and equipment preparations for the 2026 Work Program are nearing completion.
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.