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Home»Business & Economy»TMK strengthens commercial muscle as Mongolian gas play matures
Business & Economy

TMK strengthens commercial muscle as Mongolian gas play matures

info@thewitness.com.auBy info@thewitness.com.auJune 2, 2026No Comments4 Mins Read
TMK strengthens commercial muscle as Mongolian gas play matures
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Brought to you by BULLS N’ BEARS

Penny Taylor

June 2, 2026 — 2:55pm

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TMK Energy has added fresh operational and corporate firepower to its Mongolian gas ambitions by appointing an experienced oil and gas veteran to the role of production manager as its Gurvantes XXXV pilot project gathers momentum towards development.

The appointment signals TMK’s shift from proving gas resources to building a future-producing business.

TMK Energy’s Lucky Fox – 07 pilot well at its Gurvantes XXXV coal seam gas project in Mongolia’s South Gobi Basin.

The company has hired Danny Chong as production manager, bringing more than 16 years of industry experience, including more than a decade working on major Australian coal seam gas operations with Origin Energy and Santos.

Chong holds a degree in petroleum engineering from the Colorado School of Mines and most recently worked as a senior petroleum engineer at Origin, focusing on portfolio optimisation and forecasting across major coal seam gas assets.

‘Danny Chong’s experience from Origin and SANTOS will be invaluable to TMK in his role as production manager. Ms Elsa Gallina, appointed joint company secretary will assist in multi facets of our business.’

TMK Energy chief executive officer Dougal Ferguson

His focus will be production optimisation, drilling and reservoir management as Gurvantes expands beyond its pilot phase.

The appointment appears strategically timed. TMK recently reported rising gas production from seven pilot wells, signed a gas-to-power partnership agreement and launched a farm-out process targeting strategic partners across the gas value chain.

Management says Chong has already elevated operational decision-making, applying his coal seam gas expertise and digital analysis skills to the company’s growing technical database. His remuneration is also heavily linked to success, aligning the role with shareholder returns.

TMK Energy chief executive officer Dougal Ferguson said: “Danny Chong’s experience and training from two of the major CSG players in Australia, Origin and SANTOS, will be invaluable to TMK. He has already demonstrated his extensive knowledge of CSG and taken our production operations function to a new level. Furthermore, Ms Elsa Gallina, who has been with TMK for over three years, has now completed qualifications to allow her to be appointed Joint Company Secretary.”

The company has also taken the opportunity to strengthen its internal ranks by elevating Elsa Gallina to joint company secretary. Gallina has spent the past year assisting Ferguson with company secretarial duties while completing governance qualifications.

She has now been appointed joint company secretary, creating a succession pathway for the role and allowing Ferguson to devote more time to advancing the business. Management expects she will transition into the sole company secretary position within six to 12 months.

The moves matter because Gurvantes has reached a more advanced stage of its development pathway. Over the past year, TMK has steadily de-risked the project through pilot production, reservoir management, regulatory approvals, commercialisation initiatives and the recent launch of a farm-out process to attract strategic development partners.

The Gurvantes XXXV project covers 8400 square kilometres in Mongolia’s South Gobi Basin, less than 20 kilometres from the Chinese border. The project hosts a 1.2 trillion cubic feet of gas (Tcf) contingent resource and sits close to established Chinese gas infrastructure.

Over the past two years, TMK has advanced Gurvantes through pilot production, environmental approvals and reservoir testing. More recently, it secured support for beneficial gas use, advanced plans for a gas-fired power project, and continued production increases from its pilot wells.

Mongolia remains heavily reliant on coal-fired power and imported electricity, while growing industrial activity in the South Gobi is driving demand for secure domestic energy supplies. Natural gas is increasingly being viewed as a cleaner transitional fuel.

Additional pilot wells are planned, farm-out discussions are underway and gas-to-power initiatives continue advancing as management assembles the people, infrastructure and partnerships needed for the next stage of growth.

Given the company has now bolstered its ranks with a seasoned gas operator in the engine room, the market will likely be watching for higher production rates, the next round of drilling and any partnership deals that could help propel the project towards full-scale development.

With commercialisation momentum building, TMK is positioning itself to play a meaningful role in Mongolia’s future energy supply.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au

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