Coal bed methane exploration

Erdenes Methane was awarded a PSA (production sharing agreements) over the TT (Tavantolgoi) CBM (Coal bed methane) Project area in April 2020, after completion by MGR of the requirements of a Prospecting Agreement (PA). Exploration drilling has commenced at the Company’s flagship TT CBM Gas Project in the Tavantolgoi XXXIII PSA unconventional oil basin in Umnugobi. In 2021, six well drilling program is aiming to expand the area of investigation and confirm methane gas content of Tavantolgoi area.