Episode Details
Back to EpisodesTMK Energy's Gurvantes Project Hits New Gas Production Record
Description
TMK Energys Gurvantes XXXV coal seam gas project in Mongolia hits a major milestone, setting a new daily production record of over twenty-five thousand standard cubic feet of gas. The projects pilot program is nearing commercial levels, with gas flows increasing by nearly seven percent and twenty-one percent above the January average. The standout well, Lucky Fox zero seven, is the top performer, pumping over thirteen thousand standard cubic feet per day. TMK Energy plans to connect wells for on-site power generation and potentially sell excess electricity to the local grid. This development boosts Mongolias energy security and attracts investor attention, with TMKs shares rising by up to twenty-nine percent.
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