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.