Mahalo East Project

Overview:

• Comet Ridge 100% equity interest and operator.
• Total project area 97km².
• Permit was awarded in September 2020.
• Highly prospective for CSG given its location directly north-east of, and contiguous with, the Mahalo Gas Project.
• Gas produced from Mahalo East is subject to domestic supply conditions.

Subsurface analysis:

• This block has less well and seismic data than Mahalo North, however, there is still sufficient drilling data to confirm the extension of the high-quality fairway from the Mahalo PL areas towards the northeast.
• Good coal development exists.
• There are a number of high-quality drilling locations for appraisal and development.
• Targeting a work program commencing in 2022.