Comet Ridge Limited announced that the company's selection by the Queensland Government as preferred tenderer for two additional gas blocks, the first of these blocks has formally been granted Authority to Prospect (ATP) Status. The scale generated by Comet Ridge's expanded interests in the blocks will also boost the project funding process that the Company is progressing with a number of interested parties. Comet Ridge was also selected as the preferred tenderer (last week) over a larger block further to the east. This 338 km2 block was numbered PLR2020-1-2 and will be called Mahalo Far East. This area is interpreted to encompass the north-eastern extent of the Mahalo Gas Project high-quality fairway and also extends into a new geologic domain which has a very large gas in place volume, providing significant potential upside to the Mahalo Gas Hub. Award of the ATP for this block will take a number of months to complete, given more detailed native title and environmental requirements across this area. Both of the new blocks contain conventional (sandstone) gas potential underneath the coals, which Comet Ridge will also hold at 100% equity. During appraisal and development of coal seam gas resources, activities will also be designed to assess the potential in the deeper gas targets.