Brief: TMK Energy Signs Binding MoU With PetroChina Unit

TMK Energy

11/08/2022 02:30

Aug 11 (Reuters) - TMK Energy Ltd  TMK.AX :
    * BINDING MOU EXECUTED BETWEEN PETROCHINA DAQING TAMSAG LLC
AND CO
    * DEAL TO WORK ON NON-EXCLUSIVE BASIS TO ENHANCE AND
ACCELERATE
DEVELOPMENT OF GURVANTES XXXV COAL SEAM GAS PROJECT
    * UNDERLYING PRINCIPLE OF MOU IS TO RESPONSIBLY DEVELOP
GURVANTES
PROJECT AND MONGOLIAN GAS INDUSTRY
    * MOU WILL EXPIRE SIX MONTHS FROM DATE OF SIGNING OR SUCH
LATER
DATE AS MAY BE MUTUALLY AGREED IN WRITING
    * MOU ENVISAGES PROCESS BY WHICH DATAMO MAY PROCEED TOWARDS
INVESTMENT IN GURVANTES XXXV CSG PROJECT
    * MOU DOES NOT RESULT IN ANY DIRECT INVESTMENT IN TMK OR
FUNDING
FOR PROJECT AT THIS STAGE

Further company coverage:  TMK.AX 

 ((Reuters.Briefs@thomsonreuters.com;))