Comet Ridge awarded new Mahalo permit in Bowen basin

May 12, 2021
Comet Ridge Ltd., Brisbane, has been awarded a new exploration permit in the Bowen basin of Queensland directly east of its three permits and two production licences in the region.

Comet Ridge Ltd., Brisbane, has been awarded a new exploration permit in the Bowen basin of Queensland directly east of its three permits and two production licences in the region.

The 338-sq km permit (ATP 2063), known as Mahalo Far East block, lies northeast of the company’s development-ready Mahalo coal seam gas project.

The award follows that of Mahalo North (ATP 2048) in April 2020 and Mahalo East (ATP 2061) in September 2020. All are owned 100% by Comet Ridge.

The new permit contains a large volume of gas in place and provides significant upside to the Mahalo hub which is close to existing pipeline connections to the Australian east coast gas market, the company said.

Mahalo Far East block also contains conventional sandstone reservoir potential beneath the coal measures that will be explored during appraisal of coal seam gas resources.

Comet has achieved commercial gas flow rates in its initial Mahalo programs, including the Mahalo-7 and Mira-6 lateral pilot wells in two separate pilot areas. The overall project has received environmental approvals and production leases for the development.