Talon, Telman finalise Gurvantes project EIA
Australia’s Talon Energy and Telmen Resource, its partner in the Gurvantes XXXV coalbed methane (CBM) project in Mongolia, have finalised the project’s environmental impact assessment (EIA), Talon said on January 12.
The EIA was finalised after the public consultation process with communities located in the project’s exploration area. The EIA has now been lodged with the Mongolian ministry of nature, environment and tourism for review, and approval is expected around late January – early February.
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Drilling remains on track to start in the current quarter, Talon said, with the drilling programme to include the completion of four fully tested core holes which will be used to assess the CBM potential of the coal resources in the Nariin Sukhait area of the South Gobi basin.
The project covers an area of 8,400 km2 and is situated around 20 km from the Chinese-Mongolian border and close to the northern China gas transmission and distribution network.
The exploration programme is majority funded via a farmout agreement between Telmen and Talon. The agreement requires Talon to spend $4.65mn to earn a 33% working interest in the production sharing contract. Telmen will remain as the operator under the terms of the farmout agreement.
Last month, Sydney-listed Tamaska Oil and Gas signed an agreement to acquire Telmen.