• 336 km seismic programme successfully acquired
• Data acquired to both delineate drilling locations and identify new regional trends
• Preliminary examination of raw field data indicates good quality images
• Construction of Albany 2 well pad commencing next week

Comet Ridge Limited reports that the acquisition phase of the 336 km 2D Koburra seismic programme over its three large Galilee permits, was successfully concluded on the weekend of 2 March 2019. All equipment and staff have now been demobilised from the field. The objective of the seismic programme was to identify broad structural trends within the permit area and to delineate targets for follow up drilling.

Comet Ridge Managing Director, Tor McCaul said 
“Now that the survey has been acquired, the raw data will be processed in combination with reprocessing existing seismic data to optimise the grid, prior to being interpreted during the second quarter”.

The three Galilee Permits cover an area approximately 9,685 km². This regional seismic programme will allow the Galilee Deeps Joint Venture (GDJV) to increase its understanding of the regional geology and structural trends to identify new potential leads and prospects.

Drilling Programme Preparations

The wellsite construction contractor will move onto the Albany 2 wellsite early next week to begin the preparations to drill that well, with the drilling rig, Ensign 932, expected to commence moving from Moomba around the end of this month. This timing is about two to three weeks behind what was originally planned, however given the amount of rainfall in the basin over the past couple of months, the GDJV felt it was prudent to allow a little more drying on local roads before the rig loads were moved into the area.

The Deeps JV comprises Comet Ridge (85%) which is also the operator of the GDJV, along with Vintage Energy Limited (15%). Vintage will be increasing its share of the GDJV to 30% this year with the seismic programme, the drilling of Albany 2 and completing of Albany 1.

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