Comet Ridge begins drilling at Mahalo East, supported by $5M government grant

Proactive - Interviews for investors

Comet Ridge Ltd (ASX:COI) managing director Tor McCaul sits down with Proactive’s Tylah Tully to give an overview of the company, its projects and investor case. McCaul also provided an update on drilling operations at Mahalo East where Mahalo East 1 vertical well spudding has started. This is part of the company's broader exploration efforts in the northern Mahalo Hub, where Comet Ridge holds 100% equity in four ATP areas. The Mahalo East 1 well is about 25 kilometres east of the Mahalo North Pilot Scheme, where 2P and 3P Reserves have already been certified. The well has two key objectives: to gather core and log data across the coal reservoirs and to serve as a production well for the upcoming Mahalo East 2 lateral well. The well will be drilled to a total depth of 400 metres, intersecting four coal reservoirs. McCaul highlighted the importance of this work, noting that the project received a $5 million grant from Queensland’s Frontier Gas Exploration Grants Program. The aim is to gather technical data to integrate Mahalo East into the company's future development plans. Updates will be provided as drilling progresses. #ProactiveInvestors #CometRidge #ASX #MahaloEast #GasExploration #QueenslandEnergy #MahaloHub #ATP2061 #GasReserves #FrontierGasGrants #EnergyExploration #CoalReservoirs #CondorEnergy #DrillingOperations #NaturalGas #EnergyDevelopment #GasExplorationUpdates #QueenslandGas #CometRidgeLimited #EnergySector #AustralianGasExploration #GasFairway