Past year: ▼ 41%(7.70c – 16.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
24 Aug 2026asset acquisition disposition▲ GoodMajor
Comet Ridge completed buying Santos's 42.86% of the Mahalo Gas Project, now holding 100% and operating the whole ~1,850 km2 hub. It paid $24.42m cash plus 83.78m shares; up to $30m more is payable at 10, 20 and 30 PJ of sales.
31 July 2026quarterly activities report● Neutral
June 2026 quarter recaps the $40m placement, the restructured Santos deal, the Jemena pipeline licence, the Highview MoU and the CleanCo GSA reset. Santos has handed upstream FEED work to Comet Ridge, which engaged Equinox to review it. Cash figure not in the readable text.
30 July 2026capital raising announcement● Neutral
The share purchase plan raised only $875,750 against a roughly $5m target, bringing the total raise to $40,875,750. Tranche 2 (~$9.4m) still needs shareholder approval on 6 August; 8,543,861 new shares issue 30 July.
What it means for a shareholder
8.5m new shares at about A$0.1025 to raise about A$875,750. That's 0.568% dilution: every existing holder's slice gets 0.568% smaller. If you held A$1,000 of shares (9,756 at the issue price), your slice goes from 0.000653% to 0.000649% of the company. To keep it you'd need 56 more shares - about A$6 at the issue price.
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20 July 2026material agreement▲ Good
Non-binding MoU with Highview Power for a gas sales agreement: 3.6 PJ a year (10 TJ/day) for at least five years to its proposed Gladstone-area energy storage project. Adds a second potential domestic buyer alongside CleanCo; nothing is binding yet.
16 July 2026capital raising announcement● Neutral
Share purchase plan closing date extended from 17 to 24 July 2026 to give holders more time. The general meeting is confirmed for 6 August 2026, with Tranche 2 settlement on 13 August.
14 July 2026capital raising announcement● Neutral
Reminder that the share purchase plan closes Friday 17 July 2026 at 5pm. Administrative notice with no new information.
13 July 2026director officer appointment▲ Good
Mark McCabe joined as non-executive director on 13 July 2026. He is a former CFO and Deputy CEO of Australia Pacific LNG and ex-CFO/CCO of Senex Energy. He fills the board seat left by Shaun Scott's June retirement.
3 July 2026capital raising announcement● Neutral
Share Purchase Plan opens, offering up to $30,000 per eligible holder at $0.1025 (target ~$5m), closing 17 July. Tranche 1 of the placement (~$30.6m) was issued 1 July; Tranche 2 (~$9.4m) awaits a general meeting around 6 August.
3 July 2026capital raising announcement● Neutral
Offer booklet and options prospectus for the share purchase plan: up to $30,000 per holder at $0.1025, with one free 15c option per two shares, subject to approval. Repeats terms already announced; no new figures in the readable text.
30 June 2026material agreement● NeutralMajor
CleanCo GSA reset: supply start moves from 1 Jan 2027 to 1 Jan 2030, take-or-pay falls from 90% to 80%, and finance and transport conditions are pushed from 30 Jun 2026 to 31 Mar 2027. Volume stays 21-25 PJ; new production test added.
24 June 2026capital raising announcement▲ GoodMajor
Comet Ridge raised $40m via a two-tranche placement at $0.1025 per share, a 21.2% discount to the last close, plus a planned $5m share purchase plan. Proceeds fund the Santos Mahalo acquisition and FID preparation, addressing the open funding question. Attaching options have a 15c strike.
24 June 2026regulatory community update▲ GoodMajor
Queensland awarded Jemena pipeline licence PPL 2085 for the roughly 85 km, 10-inch Mahalo Gas Hub pipeline, resolving the pending licence. Commercial agreements (including a gas transport agreement) with Jemena are still to be finalised, targeted later this year.
24 June 2026investor presentation● Neutral
Presentation titled 'Consolidating Mahalo Gas Hub' (June 2026) restates 361 PJ 2P reserves (676 PJ with 2C) supporting a 50-70 TJ/day project, with 100% control across the hub. Visible text adds no new figures; the rest is truncated.
3 June 2026director officer appointment● Neutral
Non-executive director Shaun Scott retired from the board on 3 June 2026, citing personal and business commitments. He joined in October 2019 and had chaired the Audit Committee since November 2025.
21 May 2026listing compliance notice● Neutral
ASX notice that the suspension will lift once Comet Ridge releases its Mahalo acquisition update. Procedural only.
21 May 2026asset acquisition disposition● NeutralMajor
The Santos Mahalo deal was restructured after funding proved hard amid the gas reservation uncertainty. Completion payment drops from $38m to $28m ($18m cash plus $10m in shares), contingent payments rise to up to $30m, and the funding deadline moves to 14 August 2026.
20 May 2026listing compliance notice● Neutral
At its own request, Comet Ridge was suspended from trading pending an update on the Santos Mahalo acquisition. The company said talks were advanced and expected an announcement before trading on 21 May 2026.
18 May 2026price query● Neutral
ASX paused trading in Comet Ridge shares pending a further announcement. No reason is given in this notice.
15 May 2026material agreement● Neutral
The CleanCo GSA conditions on finance and transport/processing were extended again, from 31 May to 30 June 2026. This is the second extension in about six weeks, so the conditions remain unmet.
12 May 2026regulatory community update● Neutral
Comet Ridge says the new federal LNG domestic gas reservation, starting 1 July 2027, has no direct impact on it but may influence its markets. It expects the scheme to encourage new supply and may sell much Mahalo gas to LNG; details are not yet released.
30 Apr 2026quarterly activities report▼ Bad
March 2026 quarter: Santos has finished its FEED input and is preparing a handover, and Jemena's pipeline has its Queensland environmental approval but awaits the pipeline licence. Cash fell to $2.63m (unaudited) from $7.1m. PURE Tranche 2 warrants (22.7m) expired.
31 Mar 2026material agreement● Neutral
Comet Ridge and CleanCo extended the dates for the two remaining GSA conditions (finance, and transport/processing) from 31 March to 31 May 2026. The gas sales agreement stays alive but the conditions remain unmet.
10 Mar 2026other▼ Bad
Updated S&P index notice; the changes to other companies do not affect Comet Ridge, which is still listed for removal from the All Ordinaries from 23 March 2026.
6 Mar 2026other▼ Bad
S&P index notice: Comet Ridge is listed for removal from the All Ordinaries effective 23 March 2026. It is an index change, not a company announcement.
5 Mar 2026half year report▼ Bad
Half-year to 31 December 2025: loss of $2.1m versus $1.2m a year earlier, which the company attributes mainly to non-cash fair-value movements on financial liabilities. Cash was $7.046m. Gillian Swaby left the board at the November AGM.
29 Jan 2026quarterly activities report● Neutral
December 2025 quarter: Santos Mahalo acquisition agreed, Mahalo North EPBC approval received (up to 68 wells), NAIF moved to due diligence, and both FEED studies progressed. Cash fell to $7.1m (unaudited) from $10.6m.
30 Dec 2025regulatory community update▲ Good
ASX confirmed that Listing Rules 11.1.2 and 11.1.3 do not apply to the Santos Mahalo acquisition, so no shareholder vote or re-compliance with admission rules is required on that basis. Resolves a point flagged in the 17 December announcement.
22 Dec 2025regulatory community update▲ GoodMajor
Federal EPBC approval received for Mahalo North (PLA 1128, 141 km2, 100% COI), allowing up to 68 coal seam gas wells. This resolves the long-awaited approval, expected in December, and adds to the Queensland EA granted August 2024.
17 Dec 2025asset acquisition disposition● Neutral
Santos's own release confirms the sale of its 42.86% operated Mahalo JV interest to Comet Ridge for A$40m upfront and up to A$20m contingent. Santos calls it a non-core, pre-development asset. Counterparty confirmation of the same deal.
17 Dec 2025asset acquisition disposition▲ GoodMajor
Comet Ridge agreed to buy Santos's 42.86% of the Mahalo Gas Project, lifting its interest from 57.14% to 100% and making it operator. It pays $40m on the earlier of FID or 30 June 2026, plus up to $20m contingent on production. Funding is not yet arranged.
