Ann: Managing Directors Presentation - Good Oil Conference 2017, page-2

My take after listening to the preso today

Comet Ridge ltd


Queensland and NSW (going nowhere in NSW).


Basically a CSG play in Queensland.


Doing horizontal wells, much higher production rates.


Reducing drilling cost and on production asap


Possible some sandstone play, tight with low porosity 6 to 8%. Want to drill with N2, I would just use air as cheaper.


Best prospect is called Albany. Already flowed gas in 95. Early formed structures.


Drilling before end 17.


$3.5 million for 2,800m wells.


Good preso and might be worth buying once drilling sandstone timetable is announced. Need to confirm possible Albany size.