Comet Ridge Announces Mahalo North 1 Gas Production Continues to Increase

Comet Ridge Limited (COI) is happy to report that daily gas production from the Mahalo North 1 well has increased to over 310 Mcfd, an almost fourfold increase since the resumption of the production test on May 26, 2022. When the production test was interrupted in mid-May to install the larger pump, Comet Ridge reported a gas production rate of 85 Mcfd.

Dewatering of the coal continues with the well maintaining a consistent water production rate of approximately 1,560 barrels of water per day (bwpd) compared to the original pump’s capacity of up to 800 bwpd.

Gas production is increasing daily as reservoir pressure reduces.

Comet Ridge Managing Director, Tor McCaul said:
“Modelling indicates this well is draining a large area of reservoir, which is encouraging for Mahalo North’s productivity. It also provides us with flexibility for future well spacing to optimise development and achieve strong ultimate gas recovery from each production well.”

Comet Ridge will continue to provide regular market updates as the production test continues.