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TMK Energy Limited (ASX: TMK) has signed a drilling contract with Canadian-listed Major Drilling Group to drill the LF-07 production well at its Lucky Fox Pilot Project in Mongolia. The new well, to be spudded post-Naadam festival in July 2025, will use the advanced TXD200 rig, marking a technological upgrade with improved mud systems. Positioned up-dip from LF-05 and along strike from LF-01 and LF-02, LF-07 is strategically selected to enhance data and production optimization. This well is expected to be the final addition to the current six-well pilot program, which has already achieved significant reservoir pressure reduction.
The 2025 program also includes up to five exploration wells east of Nariin Sukhait, fulfilling the Production Sharing Contract obligations. TMK aims to build on its contingent resources and validate commercial gas flow potential from the upper coal seam through this critical phase of its development plan.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
