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Company managing director Andy Lydyard said, "Our focus is on proving and commercialising our coal bed methane projects as quickly as possible."
Comet Ridge holds CBM interests in the Bowen Basin in Queensland (on trend with Australia's largest coal seam gas field at Fairview/ Durham Ranch) and in the Walloon Coal Measures in South East Queensland.
Following its listing Comet Ridge will have a market capitalisation of $12.2 million on listing with 61.1 million 20 cent shares on issue.
