COI – Comet Ridge Ltd


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Recommendation Rating







1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 0.15

Low: 0.11

High: 0.17

Total Analysts: 3

Company Profile

Comet Ridge Limited is an Australia-based company, which is engaged in the gas exploration and appraisal activities. It has tenement interests and a suite of prospective projects in eastern Australia. Its flagship gas project comprises the Mahalo Gas Hub assets located in central Queensland, approximately 240 kilometers to the gas demand center of Gladstone. The Mahalo Gas Hub assets comprise the Mahalo Gas Project, which is an appraised coal seam gas project with gas reserves and petroleum leases. Its Northern Mahalo Projects comprising Mahalo North, Mahalo East, and Mahalo Far East. It holds an acreage position of approximately 4,998 square kilometers (km2) in the eastern part of the Galilee Basin. The Galilee Project has various prospects, including ATP 743, ATP 744 and ATP 1015. It holds two contiguous New South Wales licenses (PEL 6 and PEL 427) covering a total area of approximately 10,926 km2 and are located in the northern Gunnedah Basin.

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