Mahalo East Project
Mahalo East
ATP 2061
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 JV 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, results from Mahalo East Pilot and available drilling data confirm extension of the high-quality fairway from the Mahalo PL areas towards the northeast.
Pilot drilling program:
The objective of the pilot production test was to convert previously certified 2C (31 PJ) and 3C (122 PJ) Contingent Resources into Gas Reserves and positioning the project for development.
Comet Ridge undertook a pilot drilling program at Mahalo East in the first half of FY2025, with drilling and testing costs partly funded from a $5 million grant received under the Queensland Government’s Frontier Gas Exploration Grants Program.
Comet Ridge commenced appraisal activities at Mahalo East in the second half of 2024:
- Drilling Mahalo East 1 vertical well and coring to confirm key coal reservoir data from lab analysis;
- Drilling Mahalo East 2 lateral well (similar in design to Comet Ridge’s successful Mahalo North pilot), which intersected Mahalo East 1 through the target coal reservoir and;
- Completed Mahalo East 1 wellhead and installation of surface production equipment.
Gas Reserves and Resources:
Following the successful pilot production test, Comet Ridge certified initial 2P and 3P Gas Reserves for Mahalo East as at 30 June 2025.
The recently certified Gas Reserves at Mahalo East have added 27% of additional 2P Reserves and 29% of additional 3P Reserves to Comet Ridge’s net Gas Reserves portfolio for the Mahalo Gas Hub Area.
Comet Ridge Net 2P and 3P Gas Reserves at Mahalo Gas Hub
(increased by 27% and 29% respectively from the recent Mahalo East certification)
Comet Ridge
ABN 47 106 092 577
Level 12, 410 Queen Street
Brisbane QLD 4000
GPO Box 798
Brisbane, QLD 4001