Comet Ridge - COI (ASX) News & Expert Insights from Stockhead

Comet Ridge Limited (ASX: COI) is a publicly listed Australian energy company focused on the development of Queensland’s natural gas resources for the strained east coast Australian market. Our flagship Mahalo Gas Hub project consists of low cost, sales spec natural gas blocks, close to Gladstone containing significant, low CO2 gas reserves.

Our exploration assets offer further upside amid increasing domestic and international demand for natural gas as a source for cleaner energy, and as a key manufacturing feedstock that makes thousands of products, used daily.

Comet Ridge plans to transition its Mahalo Gas Hub assets into meaningful gas supply into the east coast gas market, commencing with Mahalo North, followed by the larger Mahalo Gas Project, in joint venture with Santos QNT Pty Ltd (as the Development Operator.

KEY PEOPLE

B.E (Hons/Petroleum), B.Econ, MBA

Tor McCaul has more than 30 years’ experience in the oil and gas industry, where he spent 11 years in Asia in technical, finance, commercial and management roles, including LNG Contract Manager for VICO Indonesia on the 23 mtpa Bontang LNG project, and as Head of Commercial for the Indian business for Cairn plc. He became Managing Director of Comet Ridge Limited in 2009.

Mr McCaul has previously been the Chairman for the Queensland Section of the Society of Petroleum Engineers and President of QUPEX. In November 2018 was elected to the board of Australian Energy Producers (AEP) formerly APPEA.

B.Com, LLB

James McKay is the former chairman of successful coal seam gas explorer Sunshine Gas Limited, having overseen that company’s growth to join the ranks of Australia’s Top 150 with a market capitalisation approaching $1 billion prior to its merger with Queensland Gas Company.

Mr McKay brings to Comet Ridge a strong commercial background, with sound finance, business management and legal expertise. He holds degrees in commerce and law, and has been involved in the establishment and development of a number of other businesses including Chartwell Energy Limited.

Dipl. T

Dale Aaskow joined the Company as Engineering and Operations Manager in 2010 and was appointed Chief Operating Officer in 2011. Originally from Canada, he graduated from the British Columbia Institute of Technology with a Diploma in Natural Gas and Petroleum Engineering Technology. He has over 30 years of oil and gas industry experience in a variety of roles from field operations to Country Management positions in the Oil and Gas Service Sector, including 10 years in Asia (Malaysia, China and Thailand).

Bus, Grad Dip, Applied Finance and Investment

Phil Hicks joined the Company as Chief Financial Officer on 1 July 2020. Mr Hicks commenced his professional career as a Chartered Accountant for 8 years with KPMG and Ernst & Young. For the past 21 years, he has been working with small cap companies in commercial, advisory and broking roles, particularly in the resources sector in Queensland.

Phil co-founded Integra Advisory Partners in 2012, a boutique corporate advisory business servicing the resources, technology and industrial sectors. Prior to Integra Advisory, he spent 13 years at Wilson HTM Limited, a national stockbroking and corporate finance firm, including as Head of the Corporate Finance business.

He is a Fellow of FINSIA and a member of the Chartered Accountants Australia and New Zealand.