Comet upgrades Mahalo reserves

A map of the Mahalo Gas Project.

A map of the Mahalo Gas Project.

Comet Ridge has revealed a material reserves upgrade for its share in the Mahalo Gas Project in ATP 1191 in Queensland’s Surat Basin.

Comet Ridge Managing Director Tor McCaul said the company’s 40 per cent net share of 2P reserves had increased by 473 per cent from 30 PJ to 172 PJ, while its net share of 3P reserves had risen 71 per cent to 374 PJ following completion of the 2017 work program.

“Importantly, Comet Ridge’s share of maiden 1P reserves of 18 PJ has been certified for Mahalo due to exceptional performance of the Mahalo and Mira horizontal pilot wells, enabling commercial thresholds to be met,” said Mr McCaul.

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