Talon Energy partner tracking on time and within budget for Gurvantes production tests

–News Direct–

Talon Energy Ltd (ASX:TPD) managing director Colby Hauser updates Proactives Elisha Newell on a pilot well program at the Gurvantes XXXV Coal Seam Gas Project in Mongolias South Gobi Basin.

Joint venture partner TMK Energy is advancing the pilot well program on time and within budget, with the project slated for production testing in mid-July just 18 months after the Gurvantes asset was brought into the fold.

Colby says the program will deepen Talon and TMKs understanding of the projects 1.2-trillion-cubic feet (2C) resource as it considers next steps in this prolific gas region. The MD also provides an update on field commissioning work at the Walyering asset in WA.

Since acquiring the Gurvantes asset some 18 months ago, TMK has drilled seven exploration wells, three pilot production wells and is now about to complete the construction activities associated with the first pilot well program in the Nariin Sukhait area, TMK Energy CEO Brendan Stats told investors on Wednesday.

The final step in our exploration journey is proof of concept and flowing gas to surface from this pilot well program.

We look forward with high anticipation to further positive results and being able to take the next big step forward which will be commencement of a pre-feasibility and field development study for the Nariin Sukhait area.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/talon-energy-partner-tracking-on-time-and-within-budget-for-gurvantes-production-tests-923109501

Talon Energy Ltd

COMTEX_436359999/2655/2023-07-03T13:59:26