Comet Ridge Ltd (AU:COI) has released an update.
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Comet Ridge Limited has initiated drilling operations at Mahalo East, with the first stage involving a vertical well aimed at collecting core data and facilitating future lateral drilling. The company, holding 100% equity in this and neighboring prospects, is advancing its gas development strategy to bolster supply to the east coast Australian market. As part of a broader exploration and development plan, the Mahalo Gas Hub project is set to seamlessly integrate into the increasing demand for natural gas as a cleaner energy source.
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