to be fair to TMK, the well that caused problems was due to small coal fragments (ie fines) stuffing up the pump, which needed a cleanout and is now back pumping. This happens, and here, I have no reason to doubt TMK.
The gas production is improving each month BUT that is coming from a VERY low base and this is why the share price continues to go nowhere, despite the optimism within these announcements "The Pilot Well Project produced ~9,100m3 of gas during the month of February 2025" So, during all of Feb they produced only 321 thousand cubic feet of gas - that's nothing.
OK, so on 1 day in March, the pilot produced 465m3 (or is it 463? Both numbers are quoted - a small difference, I agree, but details are important), which, if multiplied by 30 days, equates to 491 thousand cubic feet of gas. Yep, that is an improvement, but for this pilot to be Commercial, I reckon she needs to produce at least that per DAY, not per MONTH. Getting LF5 up to speed will certainly help, but this project needs help from all its wells to be commercial.
So, in my honest opinion (IMHO) we still have a long, long way to go......
Finally...." Further processing and interpretation are being undertaken with respect to the DTS data collected to date and no “red flags” have appeared from the preliminary analysis of the data".
The reader either believes this or not - entirely with the individual. I have no reason to doubt TMK.
Me, I'm entirely comfortable, except for the silly games being played by some twit at the front of the queue on the open each day. Who is the idiot that buys (for instance) 1201 at .004 and sells 1200 at .003 to himself every morning to make it look as though TMK has traded volume at .004? Surely no one falls for games like that?
I accept all criticism and corrections.
HC
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