In December 2024, TMK entered into a Binding Memorandum of Understanding (MoU) with Jens Energie LLC (JEL) for the sale of the early gas produced from the six well pilot well complex at the Company’s 100% owned Gurvantes XXXV Coal Seam Gas (CSG) Project.
The Binding MoU sets out the high-level terms under which TMK will sell gas produced during the testing period from the Company’s current pilot wells. JEL will then convert the initial stage test gas into electricity, beneficially utilising the gas and selling the power generated to local customers.