Company Overview and News
Stop missing out on important events!
As the oil and gas market braces for a rush in mergers and acquisitions, Australia’s recent forecast domestic gas shortage has done more than just raise concerns of an energy crisis, it also drew attention to a market ripe for takeover.
Vintage Energy Ltd Completes $5.3 Million Pre-IPO capital raising and satisfies major financial condition precedent for Galilee Basin farm-in.
Securing a contract with Singapore Telecommunications Limited (SGX:Z74) and its Australian subsidiary Singtel Optus Pty Ltd was the catalyst for Knosys increasing 118% to $0.12.
Comet Ridge Ltd’s (ASX:COI) increase in gas rates at the Mira pilot scheme in the Mahalo block in Queensland is also being eagerly watched by multinational players that make up the Australia Pacific LNG venture (APLNG).
Comet Ridge Ltd’s (ASX:COI) shares closed 9.5% higher on Tuesday after commencing gas production at its Mira wells in the Mahalo Block in central Queensland.
Comet Ridge Ltd's (ASX:COI) shares closed at $0.275 yesterday, around double their value from two months ago, and the company is taking the opportunity to head to market with a capital raising.
Ø Vintage Energy Pty Ltd executes agreement with Comet Ridge Ltd for Galilee Basin Sandstone Farm-in (15-0)
Comet Ridge (ASX:COI) has successfully completed a $5.3 million placement to institutional investors at $0.125 per share to fund its gas exploration program in Queensland.
Comet Ridge (ASX:COI) has been granted a trading halt by the ASX, pending details of a capital raising.
Comet Ridge (ASX:COI) has been granted a trading halt by the ASX, pending an update on progress from the Mahalo Block in Queensland.
Comet Ridge Ltd (ASX:COI) plans to raise $2 million to progress its 40% owned Maholo coal seam gas project located in Queensland’s Bowen Basin. The raising will consist of a $1 million placement priced at $0.05, which will be followed by a 1:25 rights issue to raise up to an additional $1.05 million. Tor McCaul, managing director, commented: “The funds raised will be used for working capital while the company finalises the appraisal programme for reserves upgrade at Mahalo prior to commencing development, whilst also progressing funding discussions for drilling on the Albany Structure in the Eastern Galilee Basin.
Comet Ridge (ASX: COI) is focused on coal seam gas from its Queensland and northern New South Wales assets.
The contest for New England electorate heats up as Deputy Prime Minister Barnaby Joyce campaigns to hold on to his seat against a challenge from rival Tony Windsor.