Comet Ridge is increasing its acreage position in the Australia's Mahalo Gas Hub. (Source: Shutterstock/Comet Ridge)
Comet Ridge Ltd. was awarded authority to prospect (ATP) 2072 over tender block PLR2023-1-1 in Australia, which lies adjacent to its Mahalo East and Mahalo Far East projects.
Called the Mahalo Far East Extension, the block covers an area of 66 sq km. The southern portion of the new block sits over the Mahalo Gas Hub’s high-quality fairway and is expected to be a source of future production wells for the Mahalo Hub development plan, according to the July 22 press release.
Mahalo East and Mahalo Far East serve as feed-in blocks. A pilot scheme will commence at Mahalo East later this year, with funding received from the Queensland Government’s Frontier Gas Exploration Program.
“This new area at Mahalo Far East Extension will offer additional gas production capacity to feed in after Mahalo North (Comet Ridge 100% owned and operated) and the Mahalo JV development [Comet Ridge with 57% ownership and Santos as operator with 43%] commence gas production,” said Tor McCaul, manging director for Comet Ridge, in a press release.
Comet Ridge holds 100% ownership and operatorship of the Mahalo Far East Extension.
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