Project Profile
Value: Undisclosed
Location: North of Rolleston in the Bowen Basin, central Queensland, Australia
Reserves: unknown
Area: unknown
Start-up Year: -
Comet Ridge has had positive results with its latest well on the ATP 337P Mahalo asset in Queensland’s Bowen basin. The Mira-3 well was drilled to a total depth of 320 metres and intersected 8.8 metres of coal over four intervals in the Castor Pollux reservoir. Comet added that wireline testing indicated \"good to excellent\" coal productivity at the well location. Mira-3 is the first of eight wells Comet plans to drill on its Mahalo asset and the first of four planned pilot wells to be drilled on the Mira field. Mira-3 will now be suspended as a future pilot production well and is expected to be completed later in January 2013. Comet Ridge had earlier in July 2012 successfully concluded drilling works at the wells. Comet holds a 35% interest in ATP 337P Mahalo and is partnered by Australia Pacific LNG with 30%, Santos on 30% and Stanwell Corporation which currently holds the remaining 5% interest.
Operators:
Comet Ridge Mahalo Pty Ltd: 40% interest
Australia Pacific LNG: 30% interest
Santos: 30% interest
Contractors:
MHA Petroleum Consultants, LLC Inc. (MHA): Independent Reserve Certification for the Mahalo Gas Project