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Comet Ridge's Second CSG Pilot Well Intersects Coal Sequence

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Australia-listed Comet Ridge disclosed Tuesday that the coal seam gas pilot well – Mira 4 – at its ATP 337P Mahalo asset in the Bowen Basin, Queensland, has intersected 29 feet of coal over four separate, closely spaced intervals in the Castor Pollux reservoir.

Mira 4, the second well in an eight-well program for the Mahalo joint venture which was spud at the end of last week, has been cased and suspended as a future pilot well. The well, sited less than one mile southwest of Mira 3 and 155 miles (250 kilometers) west of Gladstone in central Queensland, reached a total depth of 1,017 feet (310 meters).

Comet Ridge said in a statement that Mira 4 will be completed for production later this month, with tubing and a pump installed downhole.

The rig used in the drilling of Mira 4 is currently being moved to the nearby Mira 5 well location, and is expected to spud that well shortly. Mira 5 is the third pilot well to be drilled in the Mira field.

Comet Ridge is also in the midst of constructing field facilities and tanks needed at the Mahalo pilot project, it announced at an annual general meeting address in November last year. The company is targeting for start-up of the facilities this year.

Comet Ridge holds a 35 percent interest in the permit, while Santos and APLNG each hold a 30 percent share. Stanwell Corporation, which retains an option to increase its share in the project, holds the remaining five percent stake.

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