TMK Energy (ASX:TMK) Mongolia Gas Discovery Declaration Follows Gurvantes Pilot Production Records

Aditi Sarkar

06 November 2026 02:54 PM AEDT

TMK Energy (ASX:TMK) Mongolia Gas Discovery Declaration Follows Gurvantes Pilot Production Records

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Highlights

TMK announced a formal declaration of gas discovery at Gurvantes XXXV in October 2026.
A September operations update reported a new monthly gas production record at the pilot project.
TMK commenced its 2026 drilling and well recompletion programme in October.
The company holds a 100% interest in the Gurvantes XXXV coal seam gas project.

TMK Energy Limited (ASX:TMK) strengthened the development story around its Gurvantes XXXV coal seam gas project in Mongolia during October 2026, combining formal recognition of a gas discovery with field programme activity. The company announced acceptance of a formal declaration of discovery by the Mongolian regulator and released updates on its pilot well operations. These achievements address technical and regulatory development, rather than the commencement of full commercial gas deliveries.

Gurvantes Pilot Provides Operating Data

The company’s 5 October September operations update described a new monthly gas production record at the 100%-owned Gurvantes XXXV Pilot Well Project. Pilot output provides information about gas flow and operating behaviour that is relevant to assessing potential commercial development. It should not be presented as nameplate production from a commissioned gas processing business. TMK’s programme is located in Mongolia’s South Gobi region, where domestic gas development forms its strategic focus.

October Activity Adds Wells and Regulatory Progress

On 13 October, TMK announced the start of a 2026 drilling and recompletion programme at Gurvantes. A subsequent October release described the formal declaration of gas discovery. These steps advance different components of the same development pathway: field work tests subsurface and well performance, while regulatory recognition forms part of the authorisation framework. Further approvals and commercial decisions would still be required before a larger producing operation could proceed.

Outlook: Pilot Performance Guides Development Choices

TMK’s next operational focus is to continue assessing pilot gas flow, planned drilling and well work, and the requirements for larger-scale development. The company’s stated strategy is to build a local gas Supply Business around Gurvantes, but future production capacity will depend on engineering, funding, regulatory conditions and field results. The discovery declaration is a significant stage of the project, although it is not equivalent to a completed commercial production licence.

TMK Energy shares traded at AUD 0.095 on 6 November 2026, with a reported daily change of 0.00%. Trading Volume was 261,623 shares, and the day’s high and low were AUD 0.096 and AUD 0.090. Market Capitalisation was approximately AUD 25.62 million.

FAQs

Q: What is the central business focus?

A: TMK announced a formal declaration of gas discovery at Gurvantes XXXV in October 2026.

Q: What was another notable development?

A: A September operations update reported a new monthly gas production record at the pilot project.

Q: What are the next steps?

A: TMK’s next operational focus is to continue assessing pilot gas flow, planned drilling and well work, and the requirements for larger-scale development.

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