TMK Energy's Gurvantes Gas Project: Mongolia's New Energy Source

0:00TMK Energy just made waves at the SCP-X conference in Manila, opening their data room and launching a farm out for the Garbante's XXXB coal seam gas. Project in Mongolia. They've got 7 wells pumping gas, a certified 722 billion cubic feet, 2C resource, plus a 1.2 trillion cubic feet. Contangent resource and 5.3 trillion cubic feet upside potential. This Southgobie basin play spans 8,400 square kilometers under a production sharing contract. Pilot results keep getting better, with the LF-07 well hitting over 31,800 standard cubic feet per day back in. Early March. Pressure data shows wells talking to each other across the reservoir, dewatering on track, and their nearing prime, desorption conditions for. Bigger flows. Reservoir models now bake in years of real data, boosting confidence and scaling up with modular units. Mongolia's energy scene is ripe for this, leaning hard on coal and imports while facing pollution pushback and global supply shakes from the middle.

1:06East, nearby mine's guzzle power, and TMK signed a memo with the Ministry of Energy to explore gas to power deals, tapping local demand. They're chasing partners across the chain drillers, infrastructure folks, buyers to fund the next 24 months of growth, with low risk. Economic drawing interest. An upcoming program adds 3 pilot wells to sharpen forecasts, eyeing up to 200 million standard cubic feet per day long term. With desorption locked in and partners lining up, TMK's prime to flip this into Mongolia's first big homegrown gas supply, delivering real value as. The project ramps toward a final investment call. That's your update from Sydney News today, powered by AI. I'm Corey with the story.