Comet Ridge reports rise in gas output at Mahalo North-1
Sydney-listed Comet Ridge on April 28 said that the Mahalo North pilot production scheme in Queensland, which has been flowing through a production separator for the past few weeks, is delivering a steadily increasing flow of gas.
The company continues to dewater the coal with the well maintaining a consistent water production rate of approximately 800 barrels/day of water, with gas production improving as reservoir pressure is reduced.
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“The well has performed strongly from the commencement of testing in January,” Comet Ridge managing director Tor McCaul said.” It has been pleasing to see gas desorption start over the past few weeks, resulting in measurable gas produced to the surface on a 24-hour basis. Whilst the current gas rate is still in an early production phase, it is steadily increasing and early analysis points to the extension of the Mahalo high productivity fairway into Mahalo North.”
Comet Ridge has tenement interests and a suite of prospective projects in Queensland and New South Wales. Its flagship Mahalo Gas Hub project consists of natural gas blocks close to Gladstone in Queensland.