TMK Energy (ASX:TMK) Share Price Under Pressure: Quarterly Report Details Gas Output

Sonal Goyal

27 October 2026 04:27 PM AEDT

TMK Energy (ASX:TMK) Share Price Under Pressure: Quarterly Report Details Gas Output

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Key Highlights

TMK Energy shares traded at $0.10, down 9.09%, during the 27 October 2026 trading session.
Average daily gas production in the September quarter was about 819 m³/day, up 17.5%.
Cash was $3.84 million with no Debt at quarter end.

Shares in TMK Energy Ltd (ASX:TMK) were trading at $0.10, down 9.09%, during the 27 October 2026 trading session, while the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. TMK Energy is an ASX-listed company with a 100%-owned coal seam gas project in Mongolia. The company’s most recent update is its September 2026 quarterly activities report.

Gas Production

In its September 2026 quarterly activities report, TMK said average daily gas production was about 819 m³/day, or about 28,922 scfd, a 17.5% increase on the prior quarter and a quarterly record. Production over the last seven days averaged about 1,000 m³/day, 15% above the September daily average of about 872 m³/day.

The company said the Gurvantes XXXV project has 1.2 TCF of contingent resource.

2026 Work Programme and Funding

The 2026 work programme started with a workover rig mobilised to site and a drilling rig expected to be mobilised for the LF-08 well. After quarter end the regulator approved a formal Declaration of Gas Discovery, allowing the pilot project to move from exploration to appraisal and a first step toward reserves booking and a production licence.

TMK said it is fully funded for the 2026 programme, with long lead items paid for and $3.84 million in cash and no debt at quarter end.

Sector Context

The broader market was higher during the session, with the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. Gas developers and explorers report flow tests, appraisal work and funding arrangements, and results are measured against contingent resources before reserves are booked.

TMK Energy shares were trading at $0.10, down 9.09%, against a benchmark gain of 0.49%, a gap of 9.58 percentage points. The figures are session data recorded while the market was open and can change before the market finishes trading.

Risks

The pilot production remains small relative to the contingent resource, and the project has not yet booked reserves or obtained a production licence. Commercial negotiations in Mongolia remain subject to final agreements.

What Lies Ahead

The report points to LF-08 drilling, re-completions, planning for a larger appraisal program in 2027 and the reserves booking process.

Wrapping Up

TMK shares fell during the session. The latest Quarterly Report describes record output and a regulatory step toward appraisal.

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