TMK’s pilot well program takes off in Mongolia with the spudding of Lucky Fox-1

TMK Energy’s pilot well program includes the drilling of three individual production wells in the South Gobi Basin of Mongolia and marks another milestone in development at the Gurvantes project.

Lucky Fox-1, successfully spudded on April 12, is the first of three pilot production wells to be drilled following the mobilisation of international drilling contractor, Major Drilling.

TMK Energy (ASX:TMK) anticipates the drilling to take around seven weeks before the installation of down pumps and surface facilities.

The pilot well pumps will then be commissioned, and the dewatering process will begin with first gas breakthrough expected within one or two months from being placed on production.

First steps towards commercialisation

TMK CEO Brendan Stats says the spudding of the first pilot production well – Lucky Fox-1, is a tremendous achievement for the company after such a short lead time.

“Our first exploration well (Snow Leopard – 01) was drilled approximately 12 months ago, so to be commencing our first pilot production well in such a short time frame speaks to the quality of both the asset and the team we have in place.

“We look forward with great anticipation and expectations towards a successful drilling program as we aim to flow first gas to surface and take our first step toward commercialisation, demonstrating the potential of coal seam gas in the Gurvantes project.”

This article was developed in collaboration with TMK Energy, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.