The latest update is out from Comet Ridge Ltd ( (AU:COI) ).
Comet Ridge Limited announced that the Mahalo East Pilot Production Scheme has exceeded expectations by producing natural gas continuously for over two weeks, with initial gas flow occurring sooner than anticipated. The success of this pilot, supported by the Queensland Government’s Frontier Gas Exploration Grants Program, indicates potential for expanding development within the Mahalo Gas Hub, enhancing the company’s resource base and positioning in the energy market.
More about Comet Ridge Ltd
Comet Ridge Limited operates in the energy sector, focusing on the exploration and development of coal seam gas (CSG) projects. The company is primarily engaged in the production of natural gas, with a significant presence in the Mahalo Gas Hub located in Queensland, Australia.
YTD Price Performance: -17.86%
Average Trading Volume: 1,045,264
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$137.6M
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