Energy company Comet Ridge (ASX:COI) completed drilling of the Mahalo East 2 lateral well in Queensland, according to a Monday filing with the Australian bourse.
Mahalo East 2 made a successful intercept into the Mahalo East 1 vertical well, which was drilled in October, and set to be completed with production tubing and a downhole pump later in November, the filing said.
The company secured AU$5 million in funding from the Queensland Government's Frontier Gas Exploration grant program for drilling both wells, according to the filing.
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