Past year: ▲ 5900%(0.20c – 16.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
3 Sept 2026production update▲ Good
August gas averaged 810 m3/day (~28,600 scfd), up ~4% on July and nearing March's record. LF-07 briefly exceeded 50,000 scfd. Drilling awaits equipment arrival; the power project design is finished, with a final investment decision planned in October.
26 Aug 2026contract award● NeutralMajor
TMK signed a drilling contract with Major Drilling for up to three wells but is committing to just one new well, LF-08, drilling from late September. Re-completions of LF-02, LF-03 and LF-06 start in September, narrowing the earlier plan of three new wells.
11 Aug 2026production update▲ Good
July gas averaged 778 m3/day (~27,500 scfd), up ~5% on June, with August above 800 m3/day. The 2026 program is now re-completions plus up to two new wells starting with LF-08. Power project final investment decision is due in October, with operation by December.
7 Aug 2026admin correction● Neutral
TMK updated its Share Trading Policy from 7 August 2026, with the revised policy attached. Administrative governance notice; no operational or financial information.
29 July 2026quarterly activities report▲ Good
June quarter gas was 63,460 m3, a record and ~3% above March quarter, with output now ~28,000 scfd. Cash was $5.4m with no debt. The work program shifted to re-completing existing wells; Dashvaanjil power project design is nearing completion.
24 July 2026director officer appointment▲ GoodMajor
Steve Skinner, a Denver-based petroleum engineer with 25+ years' experience who invested in TMK's March 2026 placement, becomes Chief Operating Officer. He will focus on re-completing the seven pilot wells; pay is described as highly tied to TMK's success.
14 July 2026investor presentation● Neutral
July 2026 company presentation on the Gurvantes project, restating existing NSAI resource estimates. Shows ~269m shares, $40m market value at $0.15 and ~$6.3m cash. Text is truncated; no new results visible.
2 July 2026production update▲ Good
June gas averaged 742 m3/day (~26,200 scfd), up 8% on May, with a second gas spike at LF-07. Major Drilling won the drilling tender; contract talks continue. Drilling and workovers now expected in August, a slip from the July start previously flagged.
10 June 2026investor presentation● Neutral
CEO Dougal Ferguson presented at Energy Council Singapore on Mongolia's energy sector and TMK's 100%-owned Gurvantes project. It repeats known facts; the slides show ~269m shares, ~$36.3m market value at $0.135 and ~$6.3m cash (31 March). No new results.
4 June 2026production update▲ Good
May gas averaged 687 m3/day, up 4% on April, with LF-07 now 11,000-12,000 scfd, below March's peak. A drilling tender is out for up to three wells, with drilling and workovers expected from July. Management expects to reach its year-end production target and declare the field commercial.
2 June 2026director officer appointment▲ Good
Danny Chong joins as Production Manager, with over 16 years' experience including Origin and Santos coal seam gas work. Elsa Gallina becomes Joint Company Secretary alongside CEO Dougal Ferguson, and is expected to become sole secretary within 6-12 months.
27 May 2026agm notice● Neutral
Chairman's address for the AGM restates progress: desorption shown at LF-07, rising Lucky Fox gas rates, and pilot drilling planned later this year. Notes three years without significant safety incidents. No new results or figures.
18 May 2026material agreement▲ GoodMajor
TMK signed an MoU with Dashvaanjil Group, Mongolia's largest LPG importer, for a first gas-to-power plant of up to 1MW at the Pilot Well Project, fuelled by TMK gas topped up with Dashvaanjil LPG. Dashvaanjil funds the downstream engineering at its own cost, with first power targeted by end Q3 2026.
12 May 2026production update● Neutral
April gas averaged 663 m3/day, below March's record but 13% above February, as LF-07 rebuilds after curtailment. A third independent review largely backed the reservoir plan. New wells are expected to start drilling in Q3 2026; power outages and an LF-03 pump failure hurt output.
28 Apr 2026quarterly activities report▲ Good
March quarter gas was 61,536 m3, up ~48% on the December quarter, with the 21 March record and desorption confirmed at LF-07. Cash was about $6.3m with no debt after the $6.0m placement. Funds the 2026 program of up to three wells; partnering process began.
24 Apr 2026agm notice● Neutral
Letter to shareholders says the AGM is on 27 May 2026 at 10am AWST, with proxies due 25 May, and the notice is online only. Administrative. The letter is dated 17 April 2025 (apparent typo) and the date differs from the earlier 26 May notice.
14 Apr 2026investor presentation● Neutral
CEO presentation at the SEAPEX farm-out forum in Manila, starting TMK's partnering effort for Gurvantes (100% TMK). It restates existing resources (2C 1.2 TCF, 2U 5.3 TCF). Text is truncated; no new figures visible.
9 Apr 2026production update▲ GoodMajor
March gas averaged 866 m3/day, up 48% on February, with a record 1,353 m3/day (~47,800 scfd) on 21 March before curtailment for safety changes. Output is back to ~23,000 scfd. Regulator MRPAM signed an MoU on gas-to-power and approved the 2026 budget, including three more wells.
8 Apr 2026agm notice● Neutral
Annual general meeting set for 10am AWST on 26 May 2026 in West Perth, with director nominations closing 15 April. Administrative notice; the notice of meeting follows. Later AGM letter gives a different date (27 May).
7 Apr 2026director officer appointment● NeutralMajor
CEO Dougal Ferguson's contract is extended on an ongoing basis from 1 April 2026: $360,000 fixed pay, 3 months' notice. He and key staff get 4.5m performance rights vesting at 20-day VWAP of $0.25, $0.30 and $0.35, about 1.7% of issued capital.
30 Mar 2026admin correction● Neutral
Appendix 4G corporate governance checklist filed with the annual report, dated 27 March 2026. Administrative; no substantive new information.
30 Mar 2026annual report● Neutral
Annual report for the year to 31 December 2025, with the Chair noting a November site visit and three years without significant safety or environmental incidents. Text is truncated, so financial figures are not visible.
30 Mar 2026admin correction● Neutral
Corporate governance statement as of 27 March 2026, filed with the annual report. It says practices comply with ASX principles in all material respects, and notes Glenn Corrie joined the board during the year. Text is truncated; administrative with no new information.
19 Mar 2026capital raising announcement▲ GoodMajor
TMK raised $6.0m via a placement of 50m shares at $0.12, a 17.2% discount to the last close. Funds go to up to three more pilot wells and commercialisation. Directors add $80,000 subject to approval at the May AGM; Bridge Street gets 6m options at $0.275.
What it means for a shareholder
50.0m new shares at A$0.120 to raise about A$6.0m. That's 1.7% dilution: every existing holder's slice gets 1.7% smaller. If you held A$1,000 of shares (8,333 at the issue price), your slice goes from 0.000289% to 0.000284% of the company. To keep it you'd need 145 more shares - about A$17 at the issue price.
Create a free account to see this worked out for your own holding.
16 Mar 2026production update▲ GoodMajor
Gas hit a record ~1,000 m3 a day (35,000 scfd), with LF-07 supplying about 70% and producing over 25,000 scfd. The company says LF-07 has reached critical desorption, earlier than expected. Internal 2026 target is 100,000 scfd as a sign of commerciality.
9 Mar 2026production update▲ GoodMajor
Record gas of over 900 m3 a day (31,800 scfd) on 6-7 March, with LF-07 now confirmed desorbing and up about 500% in a few months. February averaged ~583 m3 a day, slightly below January because of pressure tests. Aims to deliver first power to the grid in the second half of 2026.
26 Feb 2026production update▲ GoodMajor
Daily gas passed 720 m3 (25,000 scfd), a new record, as LF-07 rose above 13,000 scfd. The company sees signs gas is starting to desorb at LF-07, an early positive for the long-awaited desorption point, though described as cautious optimism.
23 Feb 2026investor presentation▲ Good
Presentation of a conceptual phased development plan, stating that modelling shows a pathway to commercial gas and that economics are robust on existing 2C resources. Restates the Ministry MoU and a formal partner process. Text truncated, so no detailed figures are visible.
23 Feb 2026investor presentation● Neutral
Notice of an investor webinar on 26 February 2026 where the CEO will present the conceptual development plan and reservoir modelling. Administrative; no new results.
19 Feb 2026regulatory community update● Neutral
The unmarketable parcel sale is complete: 2,523 holders sold 2,308,689 shares at an average $0.0885, raising $204,318. The register falls to 1,570 holders; shares on issue unchanged at 218,261,763. Administrative; resolves the December opt-out process.
