Mira 6 horizontal well produces gas soon after start up
Tuesday, Dec 19, 2017
➢ Mira 6 / 2 horizontal-vertical well combination commences gas production soon after start
➢ Three Mira pilot wells now producing gas

Comet Ridge Limited (ASX:COI) is pleased to provide an update on production operations at the Mira Pilot Scheme in the Mahalo Block in central Queensland.

The Mira 6 / 2 horizontal-vertical well combination was brought on-line on Sunday 10 December and commenced producing gas after two days. All four vertical wellbores are now on-line and are actively dewatering the Mira Pilot Scheme, with three wells also producing gas.

The gas rates have been increasing steadily and are expected to rise significantly as the Mira 2 pump speed is increased.

Comet Ridge Managing Director, Tor McCaul said the Mira 6 / 2 well combination had quickly become the peak water producer in the field, demonstrating its high productivity potential. He said the pump speed in the well would be gradually increased during the Christmas to New Year period and that a further progress update would be provided in early January.

The Mahalo project is located approximately 240km west of Gladstone in the southern Bowen Basin. The Project is close to infrastructure with pipeline connections to the Gladstone domestic and LNG market a short distance to both the west and south of the two pilot schemes.

Equity participants in ATP 1191 Mahalo Coal Seam Gas are Comet Ridge Mahalo Pty Ltd (40%), Australia Pacific LNG Pty Ltd (30%) and Santos QNT Pty Ltd (30%).

For more information, please visit: https://www.cometridge.com.au

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