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    Comet Ridge further ramps up output at Mahalo North-1

Summary

Gas production has increased by 71% over the two weeks.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Corporate, Exploration & Production, News By Country, Australia

Comet Ridge further ramps up output at Mahalo North-1

Sydney-listed Comet Ridge on July 5 announced that the Mahalo North-1 well in Queensland continues to increase gas production, currently producing over 530mn ft3/day. Gas production has increased by 71% over the two weeks.

The water rate has been slowly declining over the last several days from approximately 1,560 barrels/day down to its current level of approximately 1,440 b/d in parallel with the increasing gas rate and decreasing bottom hole pressure, the company said

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.