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TMK Energy: Secures drill rig for Gurvantes pilot program, Mongolia

TMK Energy Secures drill rig for Gurvantes pilot program, Mongolia

  • TMK Energy (TMK) secures a drilling rig for the first pilot well program at its Gurvantes XXXV coal seam gas project in Mongolia
  • The Mongolian operating subsidiary of Canada-based drilling company Major Drilling Group has been engaged to begin drilling three production wells in April
  • The preparation of the drilling locations is underway, and the program is anticipated to take eight weeks to complete
  • TMK CEO Brendan Stats says the company is pleased to be at the stage of commencing what it believes will be a “transformational” period for TMK
  • TMK shares are up 3.1 per cent to 1.6 cents and shares in farm-in partner Talon Energy (TPD) are up 3.1 per cent trading at 16.5 cents at 1:54 pm AEDT
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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