Comet Ridge Nears Gas Sales Agreement Execution with CleanCo

Comet Ridge Limited (ASX:COI) has announced that its Gas Sales Agreement (GSA) with CleanCo Queensland Limited is progressing towards finalization. The GSA, aimed at long-term gas sales, is in the approval phase by both parties and is anticipated to be completed by mid-September 2023.

The negotiation timeline under the Deed of Option has been extended until 30 September 2023 to accommodate the approval processes. Tor McCaul, the Managing Director of Comet Ridge, expressed satisfaction with the near completion of the GSA, marking it as the company's first such agreement for the Mahalo Gas Hub. Specifics of the GSA's key terms will be disclosed once the agreement is officially executed.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com