COI 0.00% 16.0¢ comet ridge limited

So we chased the coal seam for a further 506 meters beyond the...

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  1. 69 Posts.
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    So we chased the coal seam for a further 506 meters beyond the intersection with Mira 2 giving us a total of 920 meters of horizontal well bore in coal. Not long to wait until Mira 2 comes back on line after the smaller work-over rig leaves having installed production tubing and a down-hole pump – with the plan being for that entire 920 meters of horizontal well-bore in the coal seam to flow gas and water into Mira 2.
    Works completed under the anticipated time-frame even though the weather conditions were against us.
    Our JV partners Santos and APLNG must be delighted that we took up the reigns and are driving Mahalo forward – as not only have we ‘cracked on’ but we have also done everything within budget.
    As things stand – all parties especially us shareholders couldn’t have wished for a better outcome.
 
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