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Comet Ridge Ltd ( (AU:COI) ) has provided an update.
Comet Ridge has outlined the implications of the Federal Government’s new domestic gas reservation policy, which will require LNG exporters to supply a portion of their production to the Australian market from July 2027. While the scheme does not directly regulate Comet Ridge, the company expects it to influence gas prices and sees the policy as part of broader efforts to avert forecast supply shortfalls.
The company notes that its Mahalo Gas Hub tenures carry no domestic market obligations, allowing it to allocate significant volumes to LNG export channels and potentially benefit from higher, oil‑linked international prices. Comet Ridge has a domestic gas sales agreement in place, which it will honour, and plans to engage with policymakers as details of the scheme are developed, signalling that new projects like Mahalo could be incentivised under the policy.
The most recent analyst rating on (AU:COI) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
More about Comet Ridge Ltd
Comet Ridge Limited is an Australian natural gas company focused on exploration and production, with significant reserves and resources in the Mahalo Block in Queensland. The company targets both domestic and export gas markets, positioning its Mahalo Gas Hub assets to supply LNG projects as well as local buyers, depending on price and policy settings.
Average Trading Volume: 1,381,822
Technical Sentiment Signal: Buy
Current Market Cap: A$173.5M
See more data about COI stock on TipRanks’ Stock Analysis page.