Comet Ridge Limited has received an independent certification for Contingent Gas Resources at Carmichael, situated in the 100 percent held Galilee Basin permit ATP 744 in Queensland, Australia. The Certification follows an independent review of the conventional Carmichael Structure by the certifier SRK Consulting (Australasia) Pty Ltd. (SRK) of Brisbane, Australia.

The Carmichael Structure is situated just north of the Gunn Project Area where Comet Ridge already holds a significant Contingent Resource Certification for coal seam gas (CSG) (See Table 2). SRK have attributed the Original Gas-In-Place (OGIP) and Contingent Resource to Comet Ridge’s net equity interest (being 100 percent in ATP 744) using a combination of probabilistic and deterministic methods to prepare the estimates of Original Gas-In-Place and Contingent Resources as at Aug. 5.

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