APLNG Completes Workover of Mahalo 6 Well in Queensland's Bowen Basin

Comet Ridge Limited provided Thursday an operational update on the progress of the Mahalo 7 horizontal surface to in-seam well project at ATP 337P in Queensland's Bowen Basin, Australia.

As previously announced, a workover of the Mahalo 6 vertical intercept well, to replace the downhole pump, was scheduled for commencement in late July. Comet Ridge is pleased to advise that the workover was completed July 31 with no technical issues or concerns.

Allowing for the time required to reinstall pipework and instrumentation, APLNG, as Production Operator restarted the Mahalo 6 pump late yesterday. The pump will be run at a slow speed initially to allow for a slow drawdown of reservoir pressure and will be gradually ramped up based on well productivity assessment.

Comet Ridge is pleased to finally have the well pair back on line and looks forward to fully observing the capability of the Mahalo 7 horizontal well.

Equity participants in ATP 337P Mahalo are Comet Ridge Mahalo Pty Ltd. (40 percent), Australia Pacific LNG Pty Ltd. (30 percent) and Santos QNT Pty Ltd. (30 percent).

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