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Mahalo granted petroleum leases

Comet Ridge’s Mahalo Gas Project (MGP) has been granted Queensland Government Petroleum Leases (PLs) 1082 and 1083.

MGP is located inside the northern part of the ATP 1191 area in Gladstone in central Queensland.

The new PL awards have been issued for a 30-year term and are the final regulatory approval required for the project to move forward to production.

Comet Ridge Chair James McKay said Comet Ridge and its partners have undertaken many years of exploration, appraisal and development planning activities.

This final regulatory approval – which follows the Commonwealth Government Environment Protection and Biodiversity Conservation Act approval in May and the Queensland Department of Environment and Science environmental approval in June – proves Mahalo as a valuable development-ready gas project.

Mr McKay said the MGP is well positioned to deliver meaningful gas production into the domestic and export market.

“The streamlined approval process shows it has the support of the Queensland government and we look forward to working with our joint venture partners in progressing Mahalo towards a final investment decision.”

Comet Ridge holds 40 per cent interest in MGP while Santos holds 30 per cent and APLNG holds the remaining 30.

For more information visit Comet Ridge website.

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