Comet Ridge: Completes stimulation program at Albany 2 well
- Comet Ridge (COI) has completed a multi-zone stimulation program at its Albany 2 well
- The aim is to test the commercial capability of two sandstone wells in the Galilee Basin
- Three prospective sandstone reservoir zones were also treated with large volumes of sand and ceramic proppant
- Then it’s shown that these sands are high-grade stimulation candidates
- Various works being conducted and once this is complete, the scheduled production testing program will begin
- Shares remain flat and trading for 19 cents each at market close
