Oz Comet Signs Drilling Contract for Mahalo

Australian Comet Ridge has signed a drilling contract for five wells at its Mahalo block in Central Queensland, the company said August 15.

The deal with Silver City Drilling is the same rig that drilled its Mira 6 well in late 2017 and drilling is expected to commence mid to late September and be completed by November/December, the company said.

Following that, surface equipment is to be installed and production testing is to commence, it said.

The number of wells and the amount of associated infrastructure required for the project has been curbed by favourable flow rates from the Mahalo Mira 6/2 well which exceeded production expectations of around 1.2 mn feet³ to 1.3 ft³ per day with a flow rate breaching 1.4mn ft³ per day, Comet said last month

Equity participants in the Mahalo coal seam project along with Comet Ridge (40%) are Australia Pacific LNG (30%) and Santos (30%).

The project is located about 240 kilometres west of Gladstone, which is home to the Australia Pacific LNG terminal and Santos’ Gladstone LNG facility, along with Shell’s Queensland Curtis LNG export project.