Comet Ridge (ASX: COI) — Company Overview, News & Financial Data
Comet Ridge (ASX:COI) is an Australian energy company focused on the development of natural gas resources for the east coast Australian market. The
Comet Ridge
Comet Ridge is an Australian energy company focused on the exploration and development of coal seam gas and conventional gas resources for the east coast Australian energy market. The company holds gas permit holdings in Queensland and New South Wales, primarily centered in the Bowen, Surat, Galilee, and Gunnedah basins. Its flagship asset is the Mahalo Gas Hub in Queensland, which includes the Mahalo Joint Venture Gas Project along with contiguous 100% owned exploration and appraisal blocks. Comet Ridge aims to supply natural gas to both domestic gas customers and LNG export facilities in Gladstone.
Snapshot
Operations
Products and/or services of Comet Ridge
- Joint Venture Gas Development: Development of a joint venture coal seam gas block in central Queensland featuring petroleum leases awarded for commercial development, targeting initial sales gas production to supply Australian east coast domestic and export markets via regional pipelines.
- Northern Gas Permit Operations: Appraisal and pilot production testing across a wholly owned northern gas block in Queensland, focusing on shallow coal seams with high gas saturation to establish commercial reserves and connect to nearby open-access pipeline infrastructure.
- Eastern Gas Extension Permits: Evaluation and subsurface mapping of wholly owned eastern permit acreage in Queensland, aiming to extend proven gas trends eastward from established production hubs and add contingent gas resources through targeted exploration drilling programs.
- Far Eastern Exploration Acreage: Early-stage geological assessment and exploration across contiguous eastern permit blocks in Queensland, identifying prospective coal seam gas targets and defining future appraisal drilling locations to expand the regional gas resource base over time.
- Deep Basin Gas Exploration: Exploration and appraisal of extensive sandstone and coal seam gas permits in central Queensland, encompassing joint venture holdings targeting deep conventional gas plays alongside large-scale sandstone gas reservoirs for long-term domestic supply.
- Southern Basin Exploration Assets: Exploration activities across licensed petroleum permits in northern New South Wales, focused on assessing shallow coal seam gas potential to support future domestic natural gas energy security across regional southern markets.
Comet Ridge executive team
- Mr. Tor McCaul B.E., B.E. (Hons), B.Econ, M.B.A.MD & Director
- Mr. Christopher John Patrick Pieters B.Bus, B.Sc (Hons), B.Sc.Executive Director
- Mr. Robin PolsonChief Financial Officer
- Mr. Dale Aaskow Dipl.TChief Operating Officer
- Mr. Ashley Vincent EdgarGeneral Manager of Exploration & Sub-Surface
- Mr. Stephen Rodgers L.L.B.Company Secretary