Comet Ridge

Comet Ridge Limited is a Brisbane-based oil and gas exploration and appraisal company focused on gas opportunities in Queensland, Australia. The company has a portfolio of gas assets across three blocks in the Galilee and Bowen Basins in Queensland.

Comet Ridge's flagship Mahalo Gas Project is located 40km south of Gladstone in the Bowen Basin where the company has net 2P reserves of 195PJ and net 2C contingent resources of 211PJ. Development planning is underway with first gas targeted from the Mahalo North area in late 2025. Comet Ridge has a 57.14% interest in the main Mahalo Joint Venture permits and is operator of the 100% owned Mahalo North and Mahalo East areas.

The company also has interests in the Albany gas field in the Galilee Basin through ATP 744 where it is operator, and in the Gunn CSG project in ATP 744 with certified contingent resources. Comet Ridge continues to assess exploration upside across its acreage.

Comet Ridge is advancing Mahalo as a key east coast gas hub, located close to infrastructure and with certification of a large reserve and resource base. With Queensland gas demand increasing, Comet Ridge is well positioned to bring Mahalo into production from its staged production hub.