Home » Market News » DirectorsTalk Highlights » Comet Ridge reports gas at Galilee Basin well Albany-2
Northbridge Industrial Services Plc

Comet Ridge reports gas at Galilee Basin well Albany-2

Comet Ridge has provided an update on the drilling operations at the Albany-2 well in the Galilee Basin. The well is being drilled as part of the Galilee Deeps Joint Venture drilling programme with Vintage Energy.

Since the last drilling update to the ASX on 10 September 2019, downhole wireline logs have been run and have indicated good reservoir quality and the presence of gas in several of the sandstone sections of the target reservoir. Logging operations over the past week have taken pressure measurements before being interrupted by the tool getting stuck in the hole. Comet Ridge is currently undertaking fishing operations to retrieve the tool, which is expected to be completed over the coming days.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.