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
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.

You May Also Like

Experian Launches Credit Score App in ChatGPT, Enhancing Financial Access

New tool enables users to check credit scores effortlessly via ChatGPT.Highlights: Experian's app allows users to check credit...

US Senate Passes Bill Banning Issuance of CBDCs

Legislation aims to restrict the development of digital currencies by the Federal Reserve.Highlights: The US Senate approved a...

Truist Expands Open Banking Offerings with Plaid Partnership

Collaboration aims to enhance customer access to financial services.Highlights: Truist collaborates with Plaid for open banking expansion.The partnership...

UK’s National Fraud Database Reports 444,000 Fraud Cases in 2025

Cifas reveals a significant rise in reported fraud incidents across the UK.Highlights: Cifas reported 444,000 fraud cases in...