Company Overview and News

LNG exports from Australia to reach $35 billion

With Australia predicted to be the leading LNG exporter by 2022, growth in the industry has been strong this year.

Comet Ridge gas flow rate continues to climb from Mira pilot well

Comet Ridge Ltd (ASX:COI) is benefitting from an increasing gas flow rate from the Mira 6/2 vertical horizontal combination pilot well at its Mahalo Coal Seam Gas project in Queensland.

Gas field boosts its reserves by more than 400 per cent

Santos, Origin and junior gas player Comet Ridge have boosted the NSW's Mahalo coal seam gas project's reserves by 473 per cent, making it one of the largest undeveloped gas projects on the east coast.

[Press] Vintage Energy Ltd - Galilee Basin Farm-in Deal Unconditional

2018-03-01 oilvoice
Vintage Energy Ltd (VEN) has met all conditions precedent for its farm - in to the Sandstone reservoir sequence within the Galilee Basin permits ATP743, ATP744, and ATP1015 (Galilee Permits) in Queensland from Comet Ridge Limited (COI).

Who are the next oil and gas M&A targets?

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.

[Press] Vintage Energy Ltd Completes $5.3 Million Pre-IPO Capital Raising

2018-01-31 oilvoice
Vintage Energy Ltd Completes $5.3 Million Pre-IPO capital raising and satisfies major financial condition precedent for Galilee Basin farm-in.

Knosys and Acacia Coal this morning’s top ASX gainers

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 forges ahead with Santos and APLNG at Mahalo as gas flow rates increase

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 begins gas production from Mahalo Block wells

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 to bag cash after share run

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.

[Press] Vintage Energy Acquires Interest in Galilee Basin Sandstone Gas Potential

2017-11-01 oilvoice
Ø  Vintage Energy Pty Ltd executes agreement with Comet Ridge Ltd for Galilee Basin Sandstone Farm-in

Comet Ridge bags $5.3M to advance Queensland gas assets

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 heads to market

Comet Ridge (ASX:COI) has been granted a trading halt by the ASX, pending details of a capital raising.

Comet Ridge to update from gas project in Queensland

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 to raise $2M to progress coal seam gas project

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.

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