Comet Ridge further ramps up output at Mahalo North-1
Sydney-listed Comet Ridge on July 26 said that the Mahalo North-1 well in Queensland continues to increase gas production, currently producing over 760mn ft3/day.
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.
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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.