Australia-listed Comet Ridge revealed Friday that is has spud the coal seam gas pilot well – Mira 4 – at its ATP 337P Mahalo asset, onshore Queensland.
In its disclosure, Comet Ridge said that Mira 4 is expected to reach a depth of 1,071 feet (310 meters). Like the recently drilled Mira 3 well, Mira 4 targets the permit's main Castor Pollux reservoir.
Mira 4 is sited less than one mile southwest of Mira 3 and it is approximately 155 miles (250 kilometers) west of Gladstone in central Queensland. Mira 4 is the second well in an eight-well program for the Mahalo joint venture, and the second of four pilot wells in the Mira field.
Comet Ridge is also in the midst of constructing field facilities and tanks needed at the Mahalo pilot, it announced at an annual general meeting address in November. The company is targeting for start-up of the facilities this year.
Comet Ridge holds a 35 percent stake in the permit, while Santos and APLNG each hold a 30 percent stake. Stanwell Corporation, which retains an option to increase its share in the project, holds the remaining five percent stake.
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