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tmkenergy.com.au

Founded Year

2013

About TMK Energy

TMK Energy (ASX:TMK) is an oil and gas exploration company. TMK holds a 100% interest in the Guvantes XXXV Coal Seam Gas Project location in the South Gobi Basin of Mongolia and also holds a 20% interest in the Talisman Depp Project containing the Napoleon Structure located in the Barrow-Dampier Sub-basin.

TMK Energy Headquarter Location

102 Forrest Street

Cottesloe, Western Australia, 6011,

Australia

+61 401 573 397

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Latest TMK Energy News

TMK Energy completes the acquisition of Telmen Energy Limited

Feb 15, 2022

TMK Energy completes the acquisition of Telmen Energy Limited Posted on SYDNEY, AUSTRALIA: TMK Energy Limited (ASX: TMK) has completed the acquisition of Telmen Energy Limited and its 100% interest in the Gurvantes XXXV Coal Seam Gas Project. The issue of consideration securities to the shareholders of Telmen consist of: • 1,600,000,000 fully paid ordinary shares; • 600,000,000 Class A Performance Shares; • 600,000,000 Class B Performance Shares; and • 400,000,000 Class C Performance Shares. The major shareholders of Telmen receiving approximately 70% of Consideration Securities, have agreed to voluntary escrow arrangements in respect of the consideration they have received. In addition, TMK has completed a placement to raise $1.96 million through the issue of 245,000,000 shares at $0.008 per share. The company also issued 50,000,000 shares and 75,000,000 unlisted options exercisable at $0.008 per option as introduction securities to the nominees of Chieftain Securities Pty Ltd. The unlisted options vest when the volume weighted average price of TMK shares is equal or greater than $0.02 for 20 trading days. Brendan Stats, the Chief Executive Officer commented: “On behalf of Telmen and its shareholders, I am delighted for us to be able to join with TMK and its shareholders in a truly exciting time in the exploration phase of the Gurvantes CSG Project, with the drilling program expected to commence in the next few weeks. I will be on the ground in Mongolia during the start of the upcoming drilling activities and am very much looking forward to delivering what we believe is a world class CSG project right next door to the largest growing gas market in the world, China.” TMK Energy Limited is listed on the Australian Stock Exchange (ASX: TMK) and holds a 100% interest in the Gurvantes XXXV Coal Seam Gas Project located in the South Gobi Basin of Mongolia. TMK also holds 20% interest of the Talisman Deep Project, which contains the Napoleon structure. TMK is led by an Australian and Mongolian team bringing together the expertise and experience to develop the Gurvantes XXXV Project. TMK’s key focus is the development of the Gurvantes XXXV South Gobi Natural Gas Project located in the South Gobi Basin of Mongolia. TMK is committed to responsibly developing this Project into a world class producing gas field on behalf of and for the benefit of Mongolia.

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