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- TMK Energy (TMK) completes drilling at the Lucky Fox-2 well as part of its pilot well drilling program at the Gurvantes XXXV CSG project in the South Gobi Basin in Mongolia.
- The well was drilled to a total depth of 407 metres and intersected up to 62 metres of gassy coal
- Drilling and installation of production casing and tubing were completed on May 15
- The rig will soon be moved to the site of the final well in the pilot well program, Lucky Fox-3
- TMK shares are trading at 1.5 cents
TMK Energy (TMK) has completed drilling at the Lucky Fox-2 well as part of its pilot well drilling program at the Gurvantes XXXV CSG project in the South Gobi Basin in Mongolia.
The Lucky Fox-2 well was drilled to a depth of 407 metres, intersecting up to 62 metres of gassy coal.
Drilling and installation of production casings and tubing were completed on May 15.
TMK Energy reported the rig would soon be moved to the site of the final well in the pilot well program, Lucky Fox-3.
“The rig is now moving to the final well in the program, Lucky Fox–3, which is expected to commence drilling in the next few days following the rig move and some routine maintenance,” he said.
The pilot well program includes the drilling of three individual production wells spaced approximately 200 metres apart, with drilling expected to be completed by the end of May.
Once drilling is finished, downhole pumps will be installed, and surface facilities will be connected to the wells which are expected to take approximately four weeks from the completion of drilling.
The project is held in a joint venture, with Talon Energy (TPD) holding 33 per cent and primarily funding the project, while TMK Energy owns the remaining 67 per cent and acts as the operator.
TMK shares last traded at 1.5 cents.
