TMK preso highlights:-
Initial data highlights a world class resource with superior coal thickness, gas content and permeability in comparison to developed projects worldwide
Resource delivered in 9 months based on 5 drill locations at cost of US$1.5m to Talon Energy (Farmout Partner)
1.2TCF Contingent Resource from only 60km² which is less than 1% of the total Project area
Very high recoverable Resource (2C) Concentration 20bcf/km2 which suggests lower extraction costs cost and high operating margins
Total Resources 2C + 2U (risked) increased by 500BCF
1.2 TCF (~1,280PJ) of gas at US$10/GJ equates to US $12.8 billion
Discussions continuing with leading energy offtake partners in both China and Mongolia with the aim of expediting project development
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