Comet releases Mahalo rig

Comet Ridge has successfully drilled the horizontal portion of its Mahalo drilling program in Queensland’s Bowen Basin.

The Mahalo North 2 dual lateral well was finished and lined at a total (along hole) distance of 1152 m, the company said.

High drilling fluid losses were experienced whilst drilling this second lateral section, above what was experienced when drilling the first lateral.

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

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