The second pilot production well (LF-06) has been successfully drilled
and cased to a total depth of 475 metres
? LF-06 intersected approximately 60 metres of net coal, on prognosis
and consistent with the existing pilot production wells and the recently
drilled LF-05 pilot production well
? The third and final well in the current drilling program (LF-04) is
expected to commence drilling within the next 24 hours
? Installation of the downhole pumps to commence shortly on LF-05 and
LF-06, in parallel with the drilling of LF-04 which will be completed last
TMK Energy Limited (“TMK” or the “Company”) is pleased to announce that the second
of the three additional pilot production wells at the Gurvantes XXXV Coal Seam Gas (CSG) Project,
being drilled as part of the 2024 drilling program, has been successfully drilled to a total depth of 475
metres and has intersected approximately 60 metres of net coal, which is as per prognosis and
consistent with the existing three surrounding pilot production wells and the recently drilled LF-05 pilot
production well.
The second well in the program, like the first, was drilled trouble free and with no geological surprises
being encountered in the primary objective, the upper coal seam. The rig will now be moved to the
third and final well location, being LF-04, which is the last well in the 2024 drilling program. On
conclusion of the drilling activities, completion and commissioning of the wells will commence and the
wells are currently scheduled to be on production in late November 2024.
The objective of the program is to prove that commercial rates of gas can be produced from the upper
coal seam at this location and gather more data from the very thick productive zones within the upper
coal seam through the installation of the Distributed Temperature Sensing (DTS) technology.
Mr Dougal Ferguson, TMK Energy’s Chief Executive Officer commented:
“Having two wells now successfully drilled is yet another major de-risking event accomplished. Our
team is executing this program safely and efficiently and it is a credit to all involved, including Major
Drilling who are performing to a high standard. Our minds now turn to the completion of the production
wells including installation of the DTS technology, which will be yet another major milestone and
important data gathering exercise.
With a great response from our shareholders providing an additional $1.6 million of funding, we look
forward to delivering the drilling program on time and on budget and are expecting a positive outcome
once the additional production wells are placed on production. With six pilot production wells all
producing in close proximity to each other, we are confident of being able to reach the critical
desorption pressure required and deliver increased gas flows in our stated timeframe.”
For the purposes of ASX Listing Rule 15.5, the Board has authorised for this announcement to be
released.
