TMK Energy Limited (ASX:TMK) Achieves Record February Gas Production
Record Gas Production
TMK Energy Limited reported a record 9,100m³ of gas produced in February 2025, marking a 14% increase from January. On 4 March 2025, the Project achieved a new daily high production rate of 463m³.
Reservoir Management
A pressure build up test confirmed that reservoir pressure is declining towards critical desorption levels. Fluid levels in five of six wells have been reduced to design levels, allowing pump speeds to decrease as water production trends lower.
Technology and Productivity
Preliminary Distributed Temperature Sensing (DTS) interpretation indicates that large sections of the reservoir remain productive, with no significant issues detected in the initial analysis.
Executive Comments
Mr Dougal Ferguson, TMK Energy’s Chief Executive Officer, commented, “The Project continues to deliver encouraging trends in both gas and water production. With 5 of the 6 wells now producing at design fluid levels, we are making demonstrable progress in reducing the reservoir pressure, one of the key reasons for drilling the additional production wells late last year. We have also successfully operated the Pilot Well Project through a second very cold and tough winter. This demonstrates that the greater development of this enormous new coal seam gas resource is very achievable in Mongolia. We remain highly confident that the Pilot Well Project will confirm a commercially viable resource in the coming months.”
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