What were the key production figures for TMK Energy (ASX:TMK) in April 2026?

TMK Energy recorded its second-highest monthly gas production at the Gurvantes XXXV project in Mongolia. Average daily yields reached 663 cubic metres, representing a 13% increase compared to February 2026.

Why is the Lucky Fox-07 well significant for TMK Energy’s strategy?

Lucky Fox-07 has demonstrated high-flow performance that TMK Energy aims to replicate across its other pilot production wells. While production was recently managed at lower speeds to ensure long-term well health, the company’s primary objective is to apply the technical lessons learned here to the rest of the field.

What did the April independent technical review conclude about Gurvantes XXXV?

The peer-led review, which included international coal seam gas experts, validated TMK’s current reservoir management plan (RMP). The assessment supported the existing strategy while providing new optimization techniques for both current and future wells.

When is the next major drilling catalyst for TMK Energy (ASX:TMK)?

TMK Energy is scheduled to commence a new pilot well drilling campaign in Q3 2026. This program aims to rapidly scale total gas output by adding new production wells and optimizing the performance of the existing Lucky Fox-01 to Lucky Fox-06 series.

How is TMK Energy addressing regional power outages and operational downtime?

The company is prioritizing a "beneficial gas use" initiative to generate its own electricity on-site using produced gas. A memorandum of understanding with the Mongolian regulator, MRPAM, allows TMK to use pilot gas for power instead of flaring it.

Image for illustrative purposes only. Not a real photo.

TMK Energy boosts production amid Mongolia expansion

Written by Liezl GambePublished May 12, 2026, 4:47 AMLast Updated Jul 6, 2026, 10:11 AM

TMK Energy (ASX:TMK) has reported a robust performance for April at its Gurvantes XXXV Pilot Project in Mongolia, recording its second-highest monthly gas production to date.

Average daily yields climbed to 663 cubic metres, marking a 13% increase over February figures.

The growth persisted despite technical management at the Lucky Fox-07 well to optimise long-term performance and minor disruptions caused by regional power outages and mechanical pump issues at Lucky Fox-03.

The company is now pivoting towards an aggressive expansion phase following an independent technical review.

The peer-led assessment, involving international coal seam gas experts, validated TMK’s current reservoir management while identifying optimisation strategies for a new drilling campaign scheduled for Q3 2026.

A primary objective is replicating the high-flow success of Lucky Fox-07 across existing and upcoming wells to rapidly scale output.

Parallel to technical operations, CEO Dougal Ferguson has advanced high-level discussions with Mongolian government officials and private consortiums regarding the integration of natural gas into the nation’s energy-short power grid.

Under a recent memorandum of understanding with regulator MRPAM, TMK is prioritising "beneficial gas use" to fuel its own site operations, reducing flaring and ensuring a permanent, uninterrupted power supply.

At the time of reporting, TMK Energy’s share price was $0.15.

TMK Energy boosts production amid Mongolia expansion

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