Company Overview and News
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.
Comet Ridge Limited (ASX:COI) has provided an operational update on the progress of the Mahalo 7 horizontal surface to in-seam well project. The Mahalo 7 horizontal well is being produced in combination with the Mahalo 6 vertical intercept well, via the pump in Mahalo 6.
3h - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton