Gassy coal intersected from Snow Leopard-1 hole

Sydney-listed TMK Energy, formerly Tamaska Oil and Gas, has intersected 44 meters of gassy coal from the upper coalbed of its first well, Snow Leopard-1, of its maiden drilling program within the Nariin Sukhait area of the Gurvantes XXXV CBM Project in Mongolia.

Gas desorption measurements from the 36 individual desorption samples collected to date are ongoing, but preliminary results indicate that the coalbed has high gas content and high gas saturation, the company reported.

Following the completion of Snow Leopard-1, TMK plans to drill three more core holes spaced approximately 3.5 kilometers apart and tested samples over the next three to four months. On completion of the drilling program, the resulting data is expected to enable the gas explorer to convert a portion of the independently certified 5.96 trillion feet cube gross prospective resources into a maiden contingent resource for the Nariin Sukhait area in the second half of 2022.

The drilling program is being funded by TMK’s joint venture partner Talon Energy under an existing 4.65 million USD two-stage farm-out agreement, executed in February last year. Initial funding of 1.5 million USD has been allocated to the current four-well drilling and testing program. The second stage of funding of 3.15 million USD is currently budgeted towards the pilot well program being planned for later this year when the project moves into the second stage of the farm-out, TMK said.

The Gurvantes project covers an area of 8,400 kilometers square and is situated around 20 kilometers from the Chinese-Mongolian border and close to the northern China gas transmission and distribution network. Earlier this year, TMK completed the acquisition of Telmen Energy, which held a 100 percent interest in the Gurvantes XXXV project.