Key Highlights

  • TMK Energy (ASX:TMK) recorded average daily gas production of 971 cubic metres in October, up about 11% from September and a record monthly result.
  • The gain came from the existing well base, with no additional wells or re-completions yet contributing.
  • A drilling rig and a workover rig are on location, with well LF-08 expected to spud in the week of 9 November 2026.
  • The regulator accepted the declaration of a gas discovery at the Pilot Well Project, a step toward a production licence.

TMK Energy Limited (ASX:TMK) reported its October 2026 operations on 9 November 2026. Daily gas output continued to increase at the 100%-owned Gurvantes XXXV Pilot Well Project, a gain the company says came before its 2026 drilling and re-completion program had added any new production. The period also covers the start of that program and a regulatory milestone.

How October Production Compared

Average daily gas production rose to 971 cubic metres, or about 34,300 standard cubic feet, during October. That compares with 872 cubic metres, or about 30,800 standard cubic feet, averaged across September. The company describes the result as a record month.

Chief Executive Dougal Ferguson said the gain had been achieved without the benefit of additional wells or re-completions. The volumes are modest in absolute terms, and Revenue or cost figures that would show the financial effect of the increase are not yet available.

Work Program and Near-Term Activity

The 2026 work program is now under way, with a drilling rig and a workover rig on location. Well LF-08 is expected to spud in the week of 9 November 2026, and three well re-completions are planned. The company expects these activities to lift production rates further in the coming months.

Until the new well and re-completions are producing, the October figures reflect the existing wells alone. The next monthly updates will therefore show the combined effect of the original base and the new activity, which has not yet been separated.

The sequence of production is worth following. The October rate was reached on existing wells, so later increases will be attributable in part to the new well and re-completions. Readers can compare the monthly volumes with the work-program timetable to see whether the gains come when expected. A month-on-month rise of the size recorded in October is a meaningful signal for a pilot project, but a single record month does not show whether the trend will hold once new wells are on stream and the base changes.

Regulatory Milestone and Limits

The regulator has accepted the declaration of a gas discovery at the Pilot Well Project. TMK says this allows the project to move from an exploration licence to an exploitation or production licence, a step that precedes commercial development.

Pilot-scale production can fluctuate, and rates measured on a small base may not be sustained as wells age. No timetable has been given for the re-completions or for LF-08 to reach its expected rate.

Final Word

TMK’s October figures show the pilot project producing more gas from its existing wells, and the regulatory acceptance is a formal advance toward production. The company’s progress will now depend on LF-08, the planned re-completions and whether the rise in output continues. Monthly figures will provide the clearest measure of that progress.

Monthly production figures from December onward will show whether the rising trend persists as the work program moves into its operational phase.