Vintage has agreed to acquire a 30% interest from Comet Ridge in the deeper sst units of ATP-743-P, ATP-744-P and ATP-101-P, onshore Galilee Basin in Queensland in exchange for funding AUD 8.5 MM towards a AUD 15 MM work programme. Plans include a conventional gas appraisal on the Albany sandstone structure. If Comet elects not to proceed with phase 2 but Vintage does, it can boost to 48.5% if it funds 100% of phase 2 (seismic + drilling).  Comet will continue to hold a 100% interest in the shallower zone down to ca. 1,100m. 
Australia (Drummond - Galilee B.s) (It's a petroleum rights. Please summarize by yourself). In IHS database: ATP 744-P op. by COMET RDG (100.0%) to be check.ATP 743-P op. by COMET RDG (100.0%) to be check.