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Comet Ridge (ASX:COI), an east coast gas developer, is Acorn Capital's most recent investment. In June 2026, Acorn said Comet Ridge recently completed a major capital raise to buy out its joint venture partner Santos at the Mahalo gas project, giving it greater control over development and the ability to benefit from tight east coast gas markets. Comet Ridge operates in the Energy sector within the Oil, Gas and Consumable Fuels industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Acorn Capital. Headquartered in Brisbane, Comet Ridge explores, appraises and develops gas resources in Queensland, focused on the Mahalo Gas Hub in the Bowen Basin, which aims to supply gas to the east coast market, along with exploration acreage in the Galilee Basin, positioning it to address projected east coast gas shortfalls.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Acorn Capital have invested in Comet Ridge Ltd (ASX:COI).
Acorn highlights Comet Ridge's buyout of Santos' interest in Mahalo, giving it control of a gas project serving a tight east coast market.
The available commentary does not set out specific risks, though Comet Ridge must fund and develop Mahalo and secure gas sales agreements.
Comet Ridge Ltd. is an oil and gas exploration, appraisal, and development company. Its project portfolio includes the Mahalo Gas Hub and the Galilee Basin. Founded on August 23, 2003, the company is headquartered in Brisbane, Australia.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.