Past year: ▲ 5900%(0.20c – 16.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
9 Dec 2025production update▲ Good
November gas averaged about 466 m3 a day (13,981 m3), up 18% on October, with a 527 m3 daily record on 14 November. The 2025 exploration program is complete: two eastern wells found coal, a third tested gas content in the pilot area. A 2026 drilling program is being planned.
25 Nov 2025well test result▲ Good
A four-day pressure build-up test at LF-06 showed reservoir pressure still falling toward the estimated critical desorption pressure, matching the updated simulation model. The company says gas rates are not expected to rise materially until that point is reached.
18 Nov 2025production update▲ Good
Daily gas passed 500 m3 for the first time, the company's 2025 target, with November averaging about 480 m3 a day. A Beijing workshop with J-Energy reportedly confirmed the project's economic potential, and management expects commercial gas in 2026. Critical desorption has not yet been reached.
13 Nov 2025security holder rights change● NeutralMajor
The 55-for-1 consolidation approved at the 31 October general meeting is complete, leaving 217,681,762 shares on issue. Normal trading resumes 18 November. Completes the capital reorganisation proposed in September.
13 Nov 2025investor presentation● Neutral
November 2025 investor presentation restating known project facts: 100% interest, 1.2 TCF 2C and 5.3 TCF 2U resources. No new results are visible in the readable text (truncated).
5 Nov 2025production update▲ Good
October gas production hit a record 12,264 m3, about 395 m3 a day and up about 25% on September, with pump uptime at 97%. November is averaging about 470 m3 a day. Reservoir modelling is feeding a pre-feasibility study, and gas-to-power is being investigated.
13 Oct 2025production update▲ Good
September gas output was about 10,000 m3, up 60% on August, with water steady near 500 barrels a day. Power outages and a LF-02 shut-in held volumes down. The 2025 exploration program starts this week, funded by the September raise.
9 Oct 2025director officer appointment▲ Good
TMK adds a full-time Mongolia-based Operations Superintendent (Brad Reeve, from November), a consultant CSG reservoir engineer (Garry Ward, advising since August) and a part-time geoscience adviser (Greg Channon). Channon will also help the partnering process expected in coming months.
26 Sept 2025security holder rights change● Neutral
Board proposes consolidating all securities 55 for 1, citing thin liquidity at $0.002-$0.003, mid-point trading retail cannot access, and weak institutional appetite. Vote at a late-October general meeting, alongside director participation in the September placement.
26 Sept 2025security holder rights change● NeutralMajor
Appendix 3A.3 for a 55-for-1 share and option consolidation, subject to shareholder approval on 31 October 2025. Shares fall from about 11.9bn to 216m, with option exercise prices scaled up 55 times (e.g. 0.8c to 44c). Post-consolidation trading starts 7 November.
16 Sept 2025listing compliance notice● Neutral
ASX said the suspension of TMK shares would be lifted from the start of trading on 16 September 2025. The lifting followed TMK lodging its half-year report and accounts.
15 Sept 2025half year report● Neutral
Interim report to 30 June 2025: seven pilot wells producing, J-Energy alliance signed, and Tim Wise retiring. It states a trading halt was entered 11 September to raise additional funds, described as well supported. Financial statements are truncated.
15 Sept 2025listing compliance notice▼ BadMajor
ASX suspended TMK shares from 15 September 2025 for not lodging its periodic report by the due date. Normally reinstated the next trading day if the report is lodged. Coincides with a trading halt for a capital raising.
15 Sept 2025capital raising announcement▲ GoodMajor
Binding commitments for a $3.5m oversubscribed placement of 1.75bn shares at $0.002, a 20% discount to the five-day VWAP of $0.0024. Directors take $150,000 (part of $250,000 board and management), subject to shareholder approval. Funds go to operations, partnering and exploration at Gurvantes.
What it means for a shareholder
1.75bn new shares at A$0.002 to raise about A$3.5m. That's 38% dilution: every existing holder's slice gets 38% smaller. If you held A$1,000 of shares (500,000 at the issue price), your slice goes from 0.0174% to 0.0108% of the company. To keep it you'd need 303,819 more shares - about A$608 at the issue price.
Create a free account to see this worked out for your own holding.
10 Sept 2025investor presentation● Neutral
RIU Good Oil and Gas conference presentation of 10 September 2025, repeating the Gurvantes overview (1.2 TCF 2C, 5.3 TCF 2U). No new results are visible in the readable text (truncated).
4 Sept 2025production update▲ GoodMajor
LF-07 now produces over 100 m3/day of gas, among the best pilot wells, and total pilot output has doubled in two weeks. The company calls this not commercially significant yet, and expects record monthly gas soon. Earlier 5,000 m3/day Jens target remains far off.
27 Aug 2025production update▲ Good
LF-07 was put on production 24 August and is already producing low levels of gas, with all seven pilot wells now producing. Pumps are deliberately run slowly to gather data for the reservoir model. Gas rates are expected to rise as pressure falls toward critical desorption.
21 Aug 2025production update▲ Good
LF-07 completed for production and LF-06 maintenance finished, so seven wells are due on production by end-August. Drilling ends and the company says no major capital spending is planned short to medium term. Critical desorption not yet reached.
15 Aug 2025other● Neutral
Link to the recording of the 14 August investor webinar. Administrative notice with no new substance.
12 Aug 2025investor presentation● Neutral
August 2025 investor presentation restating known facts: 1.2 TCF 2C resource, 100% ownership, about US$15m invested and seven pilot wells. No new results are visible in the readable text (truncated).
12 Aug 2025other● Neutral
Notice of an investor webinar on 14 August 2025, 10am AWST, hosted by the CEO. Administrative; no new information.
8 Aug 2025drilling result▲ Good
LF-07 reached 420 m total depth and cased, intersecting about 54 m of net coal, as prognosed and consistent with the other pilot wells. Pump installation and commissioning follow over coming weeks. Fourth pilot well drilled in 12 months, on time and budget.
5 Aug 2025material agreement▲ GoodMajor
Strategic Alliance Agreement signed with Beijing consultancy J-Energy (founded by former Shell China team) for field development planning, technical support and China equipment sourcing. It earns a success fee, in cash or equity, if it introduces an investing partner. Advances the partner search.
28 July 2025drilling spud▲ GoodMajor
Drilling of LF-07, the seventh pilot production well, began 27 July 2025 on a fixed-cost turnkey contract with Major's TXD200 rig. It follows through on the planned 2025 pilot well and aims to speed reservoir depressurisation. LF-05 is described as remediated.
10 July 2025director officer appointment● Neutral
Non-executive director Tim Wise (on the board since Nov 2019, involved in the 2022 Telmen acquisition) will step down 30 September 2025, as an orderly handover following Glenn Corrie's May appointment. He keeps his equity incentive securities.
8 July 2025material agreement● Neutral
Drilling contract signed with Major Drilling for LF-07 using the larger TXD200 rig; spud expected second half of July. Program also lists up to five exploration wells about 60 km east of Nariin Sukhait after LF-07, meeting the 2025 PSC minimum commitment.
30 June 2025production update● Neutral
LF-07 drilling contract with Major Drilling finalised, spud expected second half of July on a larger rig with an improved mud system. LF-05 restart attempt failed pending extra equipment. Chinese partner interest reported after a Beijing visit. Likely last vertical pilot well; 2026 horizontal/fracking program is being designed.
10 June 2025production update▲ Good
May gas was about 8,300 m3. Pressure tests at LF-01 and LF-03 confirmed pressure falling across the wider pilot area. A second independent review urged patience, noting significant gas breakthrough has yet to occur, and endorsed LF-07, now expected to start in Q3 2025. LF-05 workover is due shortly.
3 June 2025admin correction● Neutral
Administrative notice: registered office and principal place of business moved to 3 Richardson Street, West Perth, effective 3 June 2025. Other contact details are unchanged.
19 May 2025director officer appointment▲ Good
Glenn Corrie joins as non-executive director. He was previously CEO of Sino Gas & Energy and is currently CEO of Hazer Group. The company says its focus now turns to strategic partnerships and offtake, and his regional contacts are expected to help with the partner search.
