Coal seam gas explorer and developer Comet Ridge Limited (COI) has received an initial Independent Reserve Certification from MHA Petroleum Consultants, LLC Inc. (MHA) of Denver, Colorado for the Mahalo Gas Project (Mahalo) located in ATP 337P in Bowen Basin near Rolleston, Queensland, Australia. In conjunction with the Independent Reserve Certification, MHA has also upgraded Contingent Resources for Mahalo.

In accordance with the Society of Petroleum Engineers (SPE) 2007 Petroleum Resource Management System (PRMS) Guidelines as well as the 2011 Guidelines for Application of the PRMS approved by the SPE, MHA have attributed the following Reserves and Resources to COI's net equity interest in Mahalo using the deterministic method of petroleum reserves estimation as at Aug. 27:

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