Comet Ridge Ltd ( (AU:COI) ) just unveiled an announcement.
Comet Ridge Ltd has made significant progress in its Mahalo Joint Venture Gas Project, with Santos advancing the Front End Engineering Design (FEED) for key facilities and Jemena working on pipeline connections to domestic and LNG markets. The company is also seeing strong performance in its Mahalo East pilot test, with increasing gas flows and a comprehensive data package being prepared for independent auditing. These developments, along with ongoing engagement with third parties for potential transactions, position Comet Ridge strategically within the gas market, enhancing its operational capabilities and market presence.
More about Comet Ridge Ltd
Comet Ridge Ltd is involved in the energy industry, focusing on natural gas exploration and production. The company holds significant equity in various project areas within the Mahalo Gas Hub in Queensland, Australia, and is engaged in joint ventures to develop gas infrastructure and supply domestic and LNG markets.
YTD Price Performance: -3.57%
Average Trading Volume: 1,032,142
Technical Sentiment Signal: Buy
Current Market Cap: A$161.5M
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