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Comet Ridge merges with Chartwell Energy


Published Feb 10, 2009
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Comet Ridge

The Directors of Comet Ridge and Chartwell Energy Limited declares the merger of their companies to create a well funded coal seam gas (CSG) company with a diverse portfolio of exploration assets in Australia and New Zealand. The merged entity will continue to be named Comet Ridge and the headquarters will be located in Brisbane, Australia.

Chartwell Energy is an unlisted public company with prospective CSG assets in the North Island and South Island of New Zealand as well as ~A$8m in cash.

The merged entity is planning a high level of drilling activity in 2009 including in New Zealand, Australia and the United States.

Tags: Chartwell Energy Limited, Comet Ridge




   

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