Oil and Gas News

Mahalo North gas production surpasses 760 Mcfd

Mahalo gas project

Comet Ridge’s Mahalo North 1 well is continuing to increase its gas production and is currently flowing at a momentous 760 thousand cubic feet per day (Mcfd).

These results correspond with water production rates declining from a peak of approximately 1560 barrels of water per day (bwpd) down to its current level of around 1000 bwpd, as of 26 July 2022.

Comet Ridge managing director, Tor McCaul, said the team at Comet Ridge has been delighted by the positive progress of the well.

“We are very happy with the progress of the test so far, as the performance of the well continues to strengthen daily with higher gas rates,” said McCaul.

“The distance from this well to the very successful Mira 6 well to the southeast is over 15 km, so it’s great to have demonstrated productive coals over that distance. We plan to extend this distance again, with further appraisal at our other 100 per cent block at Mahalo East.”

The block is located on the high-productivity fairway and will be appraised to add even more scale to the Mahalo Gas Hub area in a very tight gas market.

“We are uniquely positioned with a high equity position over the very large Mahalo Gas Hub area, only 240 km west of Gladstone, and near pipeline infrastructure to both domestic and LNG markets.”

The Mahalo North project, located in the Southern Bowen Basin, was acquired by Comet Ridge in October 2019. The natural gas acreage forms part of the company’s flagship of Mahalo Gas Hub projects – a set of low-cost natural gas blocks that play an important role in supplying the east coast Australian market.

Comet Ridge has tenement interests and a suite of prospective projects across QLD.

The company’s explorations assets offer further upside amid increasing domestic and international demand for natural gas as a source for cleaner energy and as a key manufacturing feedstock that fuels thousands of companies and utilities daily.

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