Comet downgrades Mahalo reserves, resources

COMET Ridge said yesterday that since Australia Pacific took over as operator the Mahalo CSG project in Queensland its reserves and resources for the project have been downgraded by over 70% in some cases. 

Comet downgrades Mahalo reserves, resources Comet downgrades Mahalo reserves, resources Comet downgrades Mahalo reserves, resources Comet downgrades Mahalo reserves, resources Comet downgrades Mahalo reserves, resources

Operator's development concept cuts 2P, 2C for Mahalo

Comet holds 40%, APLNG 30% and Santos 30%. 
 
Comet's share of gas reserves are down by 18 petajoules on a 1P basis rand down from 172PJ to 106PJ on a 2P basis, or 38%.