Talon Energy hails promising early signs at Gurvantes

–News Direct–

Talon Energy Ltd (ASX:TPD) CEO Colby Hauser welcomes first gas from the Lucky Fox-1 pilot well at the Gurvantes XXXV CSG Project which was flowed to the surface and flared.

It comes as joint venture partner and operator of the CSG project in the South Gobi Basin of Mongolia, TMK Energy Ltd (67%), advises Talon (33%) that the Pilot Well Program continues to deliver in line with expectations.

We are pleased to announce the positive results from the extended production test and the promising early signs from the performance of the three pilot wells and we look forward to updating the market further, Hauser said on Tuesday.

During the coming weeks, pump speeds will continue to be gradually increased and as the fluid levels decrease, the reservoir begins to depressurise, after which more substantive and continuous gas desorption from the coals is expected to begin.

TMK advises that this process may take several weeks or months and as more data becomes available, the partners will continue to keep the market updated on the key metrics.

Further flaring of gas from pressure buildup is likely to occur over the coming weeks as more coal seams in the reservoir reach critical desorption pressure.

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View source version on newsdirect.com: https://newsdirect.com/news/talon-energy-hails-promising-early-signs-at-gurvantes-383598645

Talon Energy Ltd

COMTEX_437378880/2655/2023-07-26T14:14:14