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Tamaska completes takeover of Mongolian CBM mission
Sydney-listed Tamaska Oil and Fuel has accomplished the acquisition of Telmen Power, which holds a 100% curiosity within the Gurvantes XXXV coalbed methane (CBM) mission in Mongolia, it stated on February 15.
Telmen is an unlisted Australian firm that owns 100% of Telmen Useful resource, a Mongolian included entity, which in flip holds a 100% curiosity within the Gurvantes mission. The deal was introduced in December.
The mission covers an space of 8,400 km2 and is located round 20 km from the Chinese language-Mongolian border and near the northern China fuel transmission and distribution community.
The exploration programme is majority funded through a farmout settlement between Telmen and Talon Power, one other Sydney-listed firm.
As well as, Tamaska stated it has accomplished a share placement programme to lift A$1.96mn ($1.41mn).
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