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- TMK Energy (TMK) confirms high permeability over the upper coal seam test interval at Snow Leopard–3 (SL-03) at the Gurvantes project in the South Gobi Basin, Mongolia
- Together with Talon Energy (TPD), who’s earning a 33 per cent interest in the project, TMK conducted an analysis of drill stem testing and injectivity fall-off test data from the well
- A total of 60 metres of gassy coal is now confirmed for the SL-03 well in the upper coal seam
- TMK Energy CEO Brendan Stats says the results are encouraging for the future commercialisation of the project
- Shares in TMK Energy are up 10 per cent, trading at 1.1 cents and Talon shares are trading steady at 0.6 cents each as of as of 2:09 pm AEST
TMK Energy (TMK) and Talon Energy (TPD) have confirmed high permeability over the upper coal seam test interval at Snow Leopard–3 (SL-03) in the South Gobi Basin, Mongolia.
The SL-03 well is part of TMK’S Gurvantes XXXV coal seam gas project, and the companies have confirmed the high permeability through the analysis of drill stem testing and injectivity fall-off test data from the well.
As part of the analysis, the company reported that SL-03 delivered a flow capacity of 760 millidarcy metres (mD.m) to 910 mD.m over the test interval.
Also, final results from permeability testing completed on the upper seam at SL-02, which is three kilometres east of SL-3, confirm a high permeability of 47 millidarcy (mD) over the 70 metres of coal intersected in the upper seam.
The permeability results from the upper coal seam at SL-02 and SL-03 are broadly consistent and indicate high permeability of the upper coal seam in this part of the project area.
TMK Energy CEO Brendan Stats said the results are encouraging for the future commercialisation of the project.
“High permeability in very thick, shallow, gas saturated coal seams should translate to lower development costs and potentially strong initial flow rates.
“The pilot program, currently in the planning phase, will provide definitive data on these last remaining key data points and will allow us to demonstrate to the market the ability to produce commercially viable gas from the coal seams.”
After resolving issues associated with a broken core barrel at a depth of 318 metres, drilling resumed and intersected a further 13 metres of coal bringing the total net coal thickness of the upper coal seam at SL-03 to approximately 60 metres.
At a depth of 348 metres, poor hole conditions required the current wellbore to be abandoned and the well has re-commenced drilling on the same site to target to lower coal seam.
Drilling of the new well commenced on July 8 and is currently drilling ahead at a depth of 156 metres.
Talon is earning a 33 per cent working interest in the Gurvantes project.
Shares in TMK Energy were up 10 per cent, trading at 1.1 cents and Talon shares were trading steady at 0.6 cents as of 2:09 pm AEST.
