Comet Ridge Ltd (AU:COI) has released an update.
Comet Ridge Ltd has successfully completed the drilling phase of its Mahalo East gas project, with strong gas desorption observed from the Mahalo East 1 core. The project, supported by a $5 million grant from the Queensland Government, has promising gas volumes that align with expectations. This development positions Comet Ridge as a key player in the high-quality gas production fairway of the Mahalo Hub.
For further insights into AU:COI stock, check out TipRanks’ Stock Analysis page.
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