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TMK Power expands Mongolian drilling programme
Australia’s TMK Power has added a fifth effectively, Snow Leopard-05 (SL-05), to its 2022 exploration drilling programme on the Gurvantes XXXV coalbed methane (CBM) in Mongolia, it mentioned on September 1.
The SL-05 effectively is anticipated to be drilled to a depth of roughly 650 m and is situated halfway between SL-02 and SL-04 wells. SL-05 will full the 2022 exploration drilling programme, TMK mentioned.
TMK holds a 100% curiosity within the Gurvantes undertaking. Fellow Australian vitality firm Talon Power is incomes a 33% working curiosity within the undertaking underneath an present A$4.65mn ($3.16mn) two-stage farm-out settlement executed in February 2021.
“We’ve dedicated to SL-05 following discussions with our accomplice, Talon Power, given the comparatively low value and excessive worth add that may be completed from a further exploration effectively, the outcomes of which is able to feed instantly into our maiden contingent useful resource estimate and the planning of the pilot effectively program which is at present underway,” TMK CEO Brendan Stats mentioned.
TMK final month signed a binding memorandum of understanding with PetroChina Daqing Tamsag, a unit of Chinese language state-run PetroChina, to work collectively on the event of the Gurvantes undertaking.
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