TMK Energy intersects gassy coal in Mongolia
Sydney-listed TMK Energy, formerly Tamaska Oil and Gas, has intersected 44 m of gassy coal in the upper coalbed in the first well, Snow Leopard – 1, of its maiden drilling programme within the Nariin Sukhait area of the Gurvantes XXXV CBM project in Mongolia.
Gas desorption measurements from the 36 individual desorption samples collected to date are ongoing, however, preliminary results indicate that the coalbed has high gas content and high gas saturation, the company said.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
Following completion of Snow Leopard-1, a further three core holes spaced approximately 3.5 km apart are expected to be drilled and tested over the next three to four months. On completion of the drilling programme, the resulting data is expected to enable TMK to convert a portion of the independently certified 5.96 trillion ft3 gross prospective resources into a maiden contingent resource for the Nariin Sukhait area in 2H 2022.
The drilling programme is being funded by TMK’s joint venture partner Talon Energy under an existing $4.65mn two-stage farm-out agreement executed in February last year. Initial funding of $1.5mn is allocated to the current four-well drilling and testing programme. The second stage of funding, being $3.15mn, is currently budgeted towards the pilot well programme being planned for later this year, should the project move into the second stage of the farm-out, TMK said.
The Gurvantes 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. TMK earlier this year completed the acquisition of Telmen Energy, which held a 100% interest in the Gurvantes XXXV project.