Australian Broker Call *Extra* Edition - Jul 04, 2022
Extra Edition of the Broker Call Report
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Extra Edition of the Broker Call Report
The company has reported an almost fourfold increase in output at the Mahalo North 1 well in Queensland since the restart of the production test on May 26.
Post the deal, Comet Ridge will increase its existing 40% interest in the Mahalo gas project in Queensland to 70%.
Comet Ridge has advised that the Mahalo North pilot production scheme, which has been flowing through a production separator for the past few weeks, is delivering a steadily increasing flow of gas. Production data confirms the extension of the Mahalo high productivity fairway into Mahalo North.
The Mahalo North 1 well in Queensland entered the gas production phase in early April.