TMK Energy's Gurvantes Project Shatters Records

0:00It's April 7th. From your city to your ears, this is Sydney News Today, powered by AI. TMK Energy is crushing it at their flagship Gervantes XXXV gas project in Mongolia, South Gobi Basin. Their latest wells, especially the seventh one, called LF-07, just smashed records with over 31,800 standard, cubic feet per day back in early March. That's a big jump from previous highs around 25,000. And it's pushing daily and monthly totals way up across the pilot site. Meanwhile, they've locked in an extension for CEO Dougal Ferguson, who's been steering this ship for over 5 years. Production has climbed for 5 straight months now, following that classic coal-seeing gas dewatering pattern where water drops off and gas starts, flowing strong. The new wells are even showing pressure links between them, proving the reservoir is connecting up nicely. These are buzzing because this means real shareholder value on the horizon, especially with

1:00a contingent resource of 1.2 trillion cubic feet, and upside over 5 trillion more. The thick coal seams, some over 60 meters, give it solid geology, and is helping Mongolia cut reliance on imported gas while tapping local power, needs. On the business side, they've signed deals like one with Jay Energy for planning and marketing, plus a potential gas to power setup with Jens Energy 2. Turn output into electricity. They're aiming for 5,000 cubic meters per day initially, scalable to 15,000, right near the Chinese border for easy export. As they tweak well designs and eye more drilling, this palace momentum feels unstoppable, setting TMK up to flip from test phase straight into. Commercial, cash flow.