? LF-07 drilling operations commenced at the Lucky Fox Pilot Well
Project on Sunday, 27 July 2025
? Recommendations from recent Independent Technical Review being
implemented with Major Drilling’s larger, more powerful TXD200
drilling rig being used for the first time in Mongolia
? LF-07 being drilled and completed on a turnkey (fixed cost) contract to
further increase the depressurisation and production capacity of the
Pilot Well Project
TMK Energy Limited (TMK or the Company) is pleased to announce that drilling has
commenced on the Lucky Fox - 07 (LF-07) pilot production well at the Gurvantes XXXV Coal Seam
Gas (CSG) Project.
Mr Dougal Ferguson, TMK Energy’s Chief Executive Officer commented:
“We have commenced drilling of our 7
th pilot production well in the Lucky Fox Pilot
Well Project which is another positive step forward for the Project.
TMK has increased production capacity over the last 12 months by 100% from three
to six wells, which has significantly helped to reduce the reservoir pressure towards
the targeted critical desorption pressure. This additional well is expected to further
accelerate the depressurisation and further increase total production capacity.
With all six existing wells on production, including LF-05 which has recently been
successfully remediated, we look forward to bringing LF-07 on production and
continuing to grow our gas production capacity.”
For the purposes of ASX Listing Rule 15.5, the Board has authorised for this announcement to be
released.