Gurvantes XXXV spans 8400 square kilometres and contains Mongolia’s largest 2C contingent resource of 1.2 trillion cubic feet (TCF) of natural gas. The project’s prospective resource of 5300 billion cubic feet (BCF) positions TMK as a key player in Mongolia’s transition to cleaner energy.
The LF-07 success follows closely on the heels of TMK’s strategic alliance with Beijing-based J-Energy, announced earlier this week.
The new partnership taps into J-Energy’s extensive expertise, led by former Shell China professionals, to advance the Gurvantes project.
J-Energy will provide geological, engineering and project development support to craft a comprehensive field development plan.
The alliance also streamlines logistics, leveraging the project’s proximity – via less than 50 kilometres of sealed roads – to the Shivee Khuren border crossing with China, which greatly facilitates equipment and service procurement.
J-Energy’s proven track record with ASX-listed firms such as Sino Gas & Energy Holdings bolsters confidence in their ability to deliver high-value outcomes.
Furthermore, J-Energy will help TMK recruit financial or project partners and earn a success fee – payable in cash or equity – if investments are secured.
The collaboration enhances TMK’s ability to scale operations and attract high-calibre partners, capitalising on Mongolia’s push for a domestic gas industry and China’s robust energy market demand.
The latest capped and completed well, together with the new strategic alliance, signals a bright future for TMK as it moves closer to commercial production and boosts its role in delivering cleaner energy solutions for the region.
The company looks set to accelerate Mongolia’s coal seam gas revolution, paving the way for long-term sustainable energy growth.
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