TMK Energy - March 2022 report

TMK offers huge leverage to exploration success, if it proves a large gas resource, on the doorstep of the world’s largest gas importer. We value TMK’s E&P assets between A$37M and $122M with a best estimate of A$80M (1.4-- 4.4 cents per share (cps): best estimate 2.9 cps) based on current shares on issue).

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