Comet Ridge spuds Mira 4 well in Queensland's Bowen basin

1/4/2013

Comet Ridge spuds Mira 4 well in Queensland's Bowen basin

BRISBANE -- Comet Ridge Resources has announced the spud of the Mira 4 well at its ATP 337P Mahalo asset in Queensland’s Bowen basin. Mira 4 is located approximately 500 m southwest of the recently drilled Mira 3 pilot well and is approximately 250 km west of Gladstone in central Queensland. The well is expected to reach a total depth of approximately 310 m.

Mira 4 is the second well in an eight-well program for the Mahalo joint venture and the second of four pilot wells in the Mira field. Comet Ridge currently has a 35% interest in ATP 337P Mahalo, having divested a 5% interest in the asset to Stanwell Co in an agreement announced in September 2011.

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