Coal seam gas explorer Comet Ridge Limited spudded the Mira 2 well on Monday 14 January 2013, at its ATP 337P Mahalo asset in Queensland's Bowen Basin. Mira 2 is the central well in the pilot scheme and is located approximately 290 metres from each of the three recently drilled Mira pilot wells. The Mira field is approximately 250 km west of Gladstone in central Queensland. The well is expected to reach a total depth of approximately 310 metres.

Mira 2 is the fourth well in an eight-well programme for the Mahalo Joint Venture and the last of four pilot wells in the Mira field. The Mira 2 well will also be cored through the reservoir section to gain additional data on coal parameters. Four step-out core holes will be drilled following Mira 2, to further extend the area available for booking reserves in the Mahalo block.

Comet Ridge currently has a 35% interest in ATP 337P Mahalo, having divested a 5% interest in the asset to Stanwell Corporation Limited in an agreement announced in September 2011.

Tags: Comet Ridge Limited