Final adsorption analysis from Snow Leopard’s wells indicate high gas saturation (>80%) and permeability of 56mD from the upper coal seam interval in SL-05R.

The petrography studies along with the coal quality data indicate that the coal formation is in the ideal range for type, quality, and rank for coal seam gas projects.

At the same time, results from Drill Stem Testing (DST) completed over the upper seam interval in SL-05R has confirmed excellent permeability and the highest permeability result to date within the project area with a flow capacity of 1,965mD.m and a coal permeability value of 56mD.

TMK Energy (ASX:TMK) says these final results provide additional confidence that the thick upper coal seam should be productive from simple vertical production wells without the need for complex well designs or additional stimulation.

This will also reduce the overall cost of development of any resources confirmed in the upper coal seam.

Focus now on 2023 exploration program

TMK Energy chief executive officer Brendan Stats says work continues apace following completion of the initial drilling program, with the focus now shifting to completion of the initial contingent resource estimate, finalisation of the engineering and design of the pilot well program and planning and approval of the 2023 exploration program.

“At this stage, the planned 2023 program includes drilling several step out exploration wells along strike that we anticipate will continue to prove up the scale of the project, as well as being able to demonstrate the proof of concept with gas to surface from our initial pilot well program.”

 

 

This article was developed in collaboration with TMK Energy (ASX:TMK), 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.

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