Comet Ridge NZ Limited

Comet Ridge is an Australian energy company focused on coal seam gas (CSG) exploration and appraisal. The company has extensive tenement interests in the North Waikato, Buller Block and Greymouth.

Company number: 1970738

Incorporation date: 02 Aug 2007 Overseas ASIC (Australian Securities & Investment Commission) Company

Previous name(s): Chartwell NZ Pty Ltd (11 October 2010)

Ownership No shareholders on record Comet Ridge has a 100% equity in its New Zealand assets.

Directors Tor Taymond McCAUL (Qld) James Allan Vincent McKAY (Qld)

Current permits 50100	Mining Permit (CSG & Petroleum)	 	27 Jul 2007–26 Jul 2047 West Coast Basin (Greymouth Block)		170.3 sq km (This permit is immediately to the south of 50279)

50279	Petroleum Exploration Permit				07 Apr 2008–06 Apr 2013 West Coast Basin (Buller Block)		4802 sq km (The PEP 50279 Extension Area includes a known coal mining precinct, and strategically links Comet Ridge's CSG resources in the northwest of PMP 50100 with the Company's other CSG resources.)

50280	Petroleum Exploration Permit				07 Apr 2008–06 Apr 2013 Waikato Coal			3667 sq km

Additional information 2009: Australian coal seam gas companies, Chartwell Energy Pty Ltd and Comet Ridge, merged to form Comet Ridge Ltd, which was stated to have significant CSG projects in key regions of Queensland, northern New South Wales and New Zealand. July 2010: Comet Ridge plugged and abandoned one of its intended coal seam gas pilot wells, Macdonald 6P near Greymouth, after finding lower productivity than expected. 2011: Comet Ridge announced recoverable gas resource certification at its Greymouth permit, and stated that it was planning for the possible use of coal-seam gas for electricity generation for the West Coast. October 2012: Comet Ridge stated that it had applied to extend the terms for its NZ exploration licences but that it was relinquishing permit sectors considered to have poor productivity. On the North Island it had completed processing and interpreting an AGG (airborne gravity gradiometry) survey and this had identified three CSG plays north of Huntly.

Principal place of business in NZ Bell Gully, 171 Featherston Street, Wellington, Wellington, 6140

Website: www.cometridge.com.au/

Related SourceWatch Resources

 * New Zealand and coal
 * New Zealand Mining Industry Association
 * Solid Energy