- TMK Energy (TMK) expects to start drilling within a week at the Gurvantes XXXV coal seam gas project in the South Gobi Basin of Mongolia
- The company has announced that its team and the drilling contractors have begun moving to the project
- The upcoming drilling program will include at least four full tested cored holes within the western portion of Gurvantes
- The drill rig is expected to arrive on the site in the next few days
- On market close for the day, TMK is up 8.33 per cent and trading at 1.3 cents per share
TMK Energy (TMK) is expecting to start drilling within a week at the Gurvantes XXXV coal seam gas project in the South Gobi Basin of Mongolia.
The company has announced that its team and the drilling contractors have begun moving to the project.
The upcoming drilling program will include at least four full tested cored holes within the western portion of the Gurvantes XXXV license in an area called Nariin Sukhait.
Nariin Sukhai is known to contain two thick, high-quality coal seam groups and historical
coal seam gas data acquired from a series of five wells have indicated high gas contents.
The drilling program has been designed to intersect these thick coal seams.
CEO Brendan Stats said operations are moving ahead and on schedule.
The drill rig is expected to arrive on the site in the next few days.
“The initial drilling program is designed to deliver the key data we require to significantly increase our confidence in the potential of the Nariin Sukhait area and convert some of our Prospective Resources to Contingent Resources,” Mr Stats said.
“I am confident that with the team we have in place and the extensive data set we have to work with that we will be able to deliver results that significantly advance our Project and allow us to demonstrate the commercial viability and scale of the Gurvantes XXXV CSG Project.”
On market close for the day, TMK was up 8.33 per cent and is trading at 1.3 cents per share.