tiprankstipranks
Comet Ridge Begins Drilling at Mahalo East
Company Announcements

Comet Ridge Begins Drilling at Mahalo East

Comet Ridge Ltd (AU:COI) has released an update.

Don't Miss our Black Friday Offers:

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.

For further insights into AU:COI stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App