Comet Ridge is pleased with the results of a recent production test, which demonstrated a consistently high level of productivity within the Mahalo North pilot scheme.
The most recent results of the Mahalo North 2/1 production test show that the down hole pump rate has remained at a constant 45o rpm for two weeks, which has allowed a yield of 750 barrels of water per day. Downhole pressure is also on a steady downward trend.
Tor McCaul, managing director of Comet Ridge, said that the outcome of the test was very pleasing. In a few months, as dewatering coal reduces pressure in the reservoir, material gas production can be expected. “Mechanically the test is running very smoothly, and we are making great progress in the dewatering phase of the test,” he said.
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.
The shallow coals that were targeted during the initial development of these projects were eventually traced into the north, where the high potential for gas accumulation in the Mahalo North block was discovered.
“We are excited about the very high quality reservoir in this area and the positive impact this is likely to have on future development, well spacing and economics,” McCaul said.
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