Comet Ridge signed a MoU with Jemena Limited

Comet Ridge Limited (ASX: COI) announced that it has entered into a Memorandum of Understanding with Jemena Limited to start a framework between the parties to provide much-needed new gas supply from Comet Ridge’s 100% held Mahalo North Project (ATP 2048) into the domestic gas market.

Under the MOU and associated pre-FEED agreement, the company has involved Jemena to immediately commence a pre-FEED study of a Jemena built, owned, and operated high-pressure gas transmission pipeline of approximately 73km from the Mahalo North Gas Project to Jemena’s Queensland Gas Pipeline. As per MOU, Comet Ridge is obligated to finalize the almost completed environmental studies and progress field development plans and studies for the upstream component of the project, comprising production wells, gathering system, compression, and water handling facilities for the very low CO2 gas.

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