Australia's TMK Energy hits near 4-year high as co commences drilling in Mongolia project

TMK Energy

16/03/2022 24:03

** Shares of TMK Energy  TMK.AX  jump as much as 23.1% to
A$0.016, hitting their highest since April 30, 2018
    ** The oil and gas explorer says https://www.asx.com.au/asxpdf/20220316/pdf/4571ttsynn70k0.pdf
 it has commenced its high-impact maiden drilling programme at
the Gurvantes XXXV Coal Seam Gas project in Mongolia
    ** Says drilling results will guide co in the design and
location of its initial pilot well programme expected to
commence in H2 of 2022
    ** Stock posts its biggest intraday percentage gain since
Feb. 23
    ** More than 8.5 mln shares change hands, vs the 30-day
average of about 6 mln shares 
    ** As of last close, stock up ~44.4% this year


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))