Comet Ridge Limited is a publicly listed Australian energy company.Listed in April 2004, Comet Ridge’s initial strategy was one of identifying and capturing coal seam gas opportunities in the extensive coal deposits of Queensland and New South Wales. In mid 2005 the company re-evaluated its strategy and has expanded its portfolio and areas of operation into the United States. The company has already acquired extensive land positions in Colorado and Washington and is now the operator of three project areas.
Field exploration activities are planned in all of these project areas in the coming year. Even modest success in any of these opportunities will provide shareholders with a highly leveraged position. If targeted exploration outcomes are realised, the upside potential for shareholders is very significant.
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