Comet Ridge Secures Extension to Gas Sales Agreement Conditions, Shares Down 4%

MT Newswires Live

05/15

Comet Ridge (ASX:COI) said it has mutually extended the dates of two remaining conditions for its gas sales agreement (GSA) with CleanCo Queensland to June 30, according to a Friday Australian bourse filing.

The conditions relate to Comet Ridge securing finance and gas transportation and processing agreements to satisfy the supply requirements under the GSA, the filing added.

Comet Ridge said it continues to engage with CleanCo and other prospective gas buyers to optimize gas sales from the Mahalo Gas Hub area.

The company's shares fell 4% in recent Friday trade.

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