Australia's TMK Energy soars on Talisman Deeps divestment

TMK Energy

16/05/2025 02:28

** TMK Energy TMK.AX soars 20% to A$0.003; marks biggest intraday pct gain since May 9

** Co executes agreement to dispose of its 20% non-operated direct interest in New Zealand's Talisman Deeps Project for A$1 mln ($640,200.00)

** CEO Dougal Ferguson says sale "timely and frees up resources", "provides some potential future upside" to co

** YTD, TMK gains 20%

($1 = A$1.5620)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))