With LF-07 now online and flowing strongly, management says every well in the program is performing in sync with its revamped reservoir management plan – a playbook designed to protect the wells and coax the best gas flow from the coal seams.
Through September, the company deliberately kept the pumps running at low speeds to fine-tune its approach, ensuring the seams stay healthy while its newly appointed coal seam gas reservoir engineer analyses how to extract gas more efficiently.
The updated strategy has been designed to focus on drawing out as much water as possible – the key to freeing up gas pressure – while curbing the build-up of troublesome coal dust, or “fines,” that can clog pumps and slow output.
Every barrel of water and cubic metre of gas produced is adding valuable insight. The data is being used to build a predictive model, or “type curve,” showing how a standard production well is likely to behave over time.
The company says that model will then become a cornerstone of TMK’s full-field development plan as the company prepares to scale Gurvantes into a commercial gas project.
In August, Management also announced a strategic alliance with Beijing-based J-Energy to harness the gas specialist’s technical expertise and regional connections to quickly advance the project should commerciality be proven.
Despite some unexpected power outages affecting operations in September, TMK remains upbeat about the direction of the pilot campaign and is now pushing ahead with a broader 2025 exploration program, backed by a recently oversubscribed $3.5 million placement.
To support this next phase of activity, it has also hired a full-time Operations Superintendent who will take up the role in early November.
With near-record gas now flowing, new exploration kicking off and field-wide planning entering high gear, TMK Energy looks to be shifting gears in Mongolia’s South Gobi Basin. The project is edging closer to becoming a commercial-scale producer and the market will no doubt be watching closely.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
