Mahalo venture lodges petroleum lease applications

OPERATOR of the Mahalo gas field development in central Queensland, Comet Ridge (40%), told the market this morning it had lodged two petroleum lease applications covering the initial development area for its project.

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jv required to begin production within two years.

 
Comet has held the leases under a shorter term Authority to Prospect but once converted to petroleum leases, the acreage will have a 30-year lease term.