On 7 July 2020 Comet Ridge Ltd reported that the Mahalo Gas Project (MGP) has been granted Petroleum Leases (PL) 1082 "Humboldt" and 1083 "Mahalo" by the Queensland State Government for a term of 30 years. The awarding of the leases, which lie in the northern part of ATP 1191-P, will now allow the project to transition to production.  In early June 2020 Comet reported that the MGP had been granted Queensland State Government environmental approval. This was the second of two approvals required for the gas development to move to production following Commonwealth approval in late May 2020. As a result, the project had fulfilled all federal and state environmental requirements, and all that was required was the issuing of Petroleum Leases from the Queensland State Government. Also reported was that the environmental work for Mahalo North was to begin in the approaching Spring or Summer season.  In late May 2020 Comet reported that the MGP was granted approval under the Commonwealth Government Environment Protection and Biodiversity Conservation Act (EPBC), which was one of two environmental requirements needed for the project to progress to the production phase. The second requirement was under assessment as of reporting by the Queensland State Government Department of Environment and Science.  Previously in late February 2020 Comet reported that it had signed a non-binding Memorandum of Understanding (MoU) with LogiCamms for the development of a >65 km pipeline connection from the Mahalo North field, located in the Bowen Surat Basin. Also included within the agreement was the option to potentially transfer Comet's share of gas from the Mahalo field. It was reported that both parties intended to carry out an evaluation of the technical and economic aspects of a six to eight inch diameter pipeline solution from Mahalo North which would transfer the company's net gas production which was in the range of around 20 to 50 TJ/d into larger pipelines to the south of the field. Under the terms of the MoU activities were to be conducted to get an understanding of debt funding options for both the upstream and pipeline portions of the project.  ATP 1191-P, which covers an area of 2,000 sq km, was awarded on 25 September 2015. Comet Ridge has a 40% interest in the Mahalo Coal Seam Gas project (909 sq km), with joint venture partners Santos QNT Pty Ltd (30% plus operatorship) and Australia Pacific LNG Pty Ltd (30%).  Background Information:    April 2004 - Mahalo discovered        October 2019 - Named Preferred Tender for the PRL2019-1-2 for the Mahalo North Block        June 2020 - Originally planned Final Investment Decision
Australia ((Bowen - Surat B.s)), Comet Ridge Ltd reported that the Mahalo Gas Project (MGP) has been granted Petroleum Leases (PL) 1082 "Humboldt" and 1083 "Mahalo" by the Queensland State Government for a term of 30 years. The awarding of the leases, which lie in the northern part of ATP 1191-P, will now allow the project to transition to production.