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place would need to support efficient APPEA Chief Executive Andrew in the Bowen Basin in the most recent
development of all blocks where Comet McConville said the 2020 Budget Queensland Government Land Release1,
Ridge has an equity interest. acknowledged investment is a central pillar State Gas Limited is very pleased to advise
Comet Ridge has signed a Memorandum to recovery and the oil and gas industry that the Authority to Prospect (ATP) for
of Understanding with Mine Energy has a clear plan to support the government the area (shown in Figure 1 below) was
Solutions Pty Ltd (MES) and IntelliGas in driving job creation, skills development granted yesterday.
Group Limited (IntelliGas) to assess the and promoting domestic spending and State Gas has accelerated efforts to
feasibility of the supply of Mahalo North investment across all industries. obtain the necessary Environmental
pilot gas to displace diesel and/or for the “The Budget, together with the Approval and meet other conditions
generation of behind the fence power in government’s previous announcements as Preferred Tenderer, resulting in the
nearby coal mines. Such an option could on energy and technology, recognises grant of ATP 2062 by the Minister for
provide flexibility for initial gas production the pivotal role of Australia’s oil and gas Natural Resources, Mines and Energy
and provide an early revenue stream and industry in providing energy security within a fortnight of being appointed
environmental benefits for gas that would for homes and businesses and making a preferred tenderer.
otherwise be flared. Comet Ridge would sustained contribution to government The formal grant of ATP 2062
see a significantly reduced facility capex revenues,” Mr McConville said. allows State Gas to commence
requirement for this early gas opportunity. The oil and gas industry has invested activities on its new Rolleston-West
Following the award of ATP 2061 more than $350 billion in the Australian project, adjoining its existing Reid’s
for the Mahalo East block announced economy over the past decade, has Dome Gas Project (PL 231).
on 28 September 2020, Comet Ridge is contributed to government revenue As announced on 1 October 2020,
progressing its internal planning activities through the payment of $71.6 billion in tax the Company has commenced planning
for a combined Mahalo North and Mahalo payments and levies and supports 80,000 for drilling of an initial gas well within
East appraisal program. jobs. Rolleston-West, proposed Rougemont-1,
COMET RIDGE, October 6, 2020 “Tonight’s Budget is another important to investigate the highly-prospective and
step in helping unlock the next wave of well-understood gas-bearing Bandanna
Australian Budget investment that will underpin Australia’s coals in the eastern region of the acreage.
economic recovery out of the COVID-19
The rapid grant of ATP 2062 ensures that
highlights oil and gas role recession,” Mr McConville said. the new well can be drilled in conjunction
with the Company’s planned drilling
APPEA, October 6, 2020
in rebuilding economy campaign for neighbouring PL 2312,
facilitating significant efficiencies and
Tonight’s Federal Budget has reaffirmed the State Gas wins authority cost savings.
importance of increasing investment into to prospect for new gas This proposed new well will be the first
the Australian economy and the vital and of several planned over the Initial Work
significant contribution the Australian oil and acreage Program for the Rolleston-West acreage,
gas industry will play in supporting Australia’s investigating both coal seam gas and
economic recovery as it emerges from the Following its appointment last week as conventional targets in the area.
COVID-19 pandemic. Preferred Tenderer for new gas acreage STATE GAS, October 2, 2020

Week 40 08•October•2020 www. NEWSBASE .com P23