Comet Ridge Limited (COI) - Favourable market to develop gas (Petra 1/5/2024)
COI’s Mahalo Gas Hub is strategically located in the Tier 1 jurisdiction of QLD and is at the forefront of new CSG developments able to supply the looming domestic gas deficits. Timelines for key State (EA, PL) & Federal (EPBC) approvals for Mahalo North are shifting to the right (prev. mid-2024, now end-2024); in the meantime, COI is advancing design work to become development ready.
The east coast gas sector is a bankable thematic – deficits looming, contract prices improving, and govt’s intervening to extend fossil fuel-based electricity (after previously only subsidising renewables).
Maintain BUY, PT A$0.35/sh (prev. A$0.38/sh) after deferring first production.
Comet Ridge Limited (COI) - Favourable market to develop gas...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $173.4M | |||
| Open | High | Low | Value | Volume |
| 13.8¢ | 14.5¢ | 13.5¢ | $212.5K | 1.502M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 80037 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 634934 | 7 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| COI (ASX) Chart |