The Mahalo North 1 well continues to increase gas production, and Comet Ridge Limited (COI) is happy to report that it is now producing more than 530 Mcfd. Following Comet Ridge's latest report on June 21 that gas output had passed 310 Mcfd, gas production has climbed by 71% in the two weeks since.
Comet Ridge Managing Director, Tor McCaul said: “Pleasingly, over the last several days we have seen the water rate slowly declining, from approximately 1,560 bwpd down to its current level of approximately 1,440 bwpd in parallel with the increasing gas rate and decreasing bottomhole pressure.”
Comet Ridge will continue to provide regular market updates as the production test continues.
By Authority of the Board per: Tor McCaul, Managing Director
