Comet Ridge Ltd.
Comet Ridge Limited is an energy company which is focused on the development of natural gas resources for the strained east coast Australian market.
The business
Comet Ridge Limited is an energy company which is focused on the development of natural gas resources for the strained east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. The Company’s flagship gas project comprises the Mahalo Gas Hub assets located in central Queensland, 240 kilometers to the gas demand center of Gladstone. The Mahalo Gas Hub assets comprise the Mahalo JV Gas Project, which is an appraised coal seam gas project with certified gas reserves and petroleum leases, and the Northern Mahalo Projects, which comprise Mahalo North, Mahalo East, and Mahalo Far East. It holds an acreage position of 4,742 square kilometers (km2) in the eastern part of the Galilee Basin. The Galilee Project has various prospects, including ATP 743, ATP 744, and ATP 1015. Its Mahalo North includes a project area of 360 km2. Its Mahalo East includes a project area of approximately 97 km2. Mahalo Far East includes a project area of 404 km2.
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Latest news
Comet Ridge Softens Terms and Extends Timelines for Mahalo Acquisition
Comet Ridge chills Mahalo deal: upfront cash cut to $18m + $10m in shares, up to $30m contingent; funding extended to Aug 14, 2026 amid policy uncertainty.
Vintage Energy and Comet Ridge awarded Galilee Basin potential commercial areas
Gas explorer Vintage Energy (ASX: VEN) and Comet Ridge (ASX: COI) have announced that their Galilee Basin joint venture has been awarded six Potential Commercial Areas (PCAs) in central Queensland. Two exploration permits, known as Authorities to Prospect (ATP) in Queensland, were awarded to Comet Ridge in 2009 with exploration initially focused on coal seam […]
Vintage Energy and Comet Ridge report ‘strong gas shows’ at Albany-1 side-track well
Gas explorers Vintage Energy (ASX: VEN) and Comet Ridge (ASX: COI) have registered gas shows in multiple zones while drilling the Albany-1 sidetrack well in central Queensland’s onshore Galilee Basin. The well has reached a total depth of 2,822m and gas shows have been measured through all four sandstone packages of a thick reservoir section. […]
Comet Ridge lines up coal seam gas wells for production testing
Coal seam gas explorer Comet Ridge (ASX: COI) has wrapped up the latest round of evaluation drilling at its Mahalo gas project in Queensland, with two wells lined up to start production testing over the next week. The company today reported it has completed the drilling of Sirius Road-2, the fifth and final well of […]
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