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Home CompaniesComet Ridge Ltd

Comet Ridge Ltd

Energy Oil & Gas E&P
PortfolioPortfolio WatchlistWatchlist
Company price
0.062 AUD 0.00 ( 1.64%)
Last update at 2026-11-12T04:39:00Z
VOLUME
594255
Market Cap
107.46M

Momentum Score

…

Comet Ridge Limited engages in the oil and gas exploration, appraisal, and development activities in Australia. The company's flagship property is the Mahalo Gas Hub, which comprises 2 reserves and 2 contingent resources totaling 676 petajoules located in southern Bowen Basin in Queensland. Comet Ridge Limited is based in Brisbane, Australia.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.06
Low
0.06
High
52 Week Price Range
0.06
Low
0.17
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Comet Ridge Ltd is an Australian energy company focused on exploring and developing onshore natural gas resources, encompassing both conventional and coal‑seam/unconventional opportunities. Long‑term growth drivers include domestic and regional gas demand, the potential to commercialise discovered resources through project development or joint‑venture arrangements, and exposure to commodity prices that may benefit project economics. The company appears positioned to deliver value if appraisal and permitting milestones progress.

Primary investment risks include exploration and development execution risk, the need for significant external financing, regulatory and environmental approvals, and commodity price volatility.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.06
Dividend Yield
-
Revenue TTM
-2.24M
Revenue Per Share
-0.00
Gross Profit TTM
-2.24M
Debt / Equity
0.08
ROE
-4.72%
Net Debt
-20.32M
ROCE
-2.46%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax -4.37M -3.62M -7.17M -6.57M -8.63M
Net income -4.37M -2.47M -7.17M -6.57M -9.74M
Selling general administrative - 0.43M 0.55M 2.20M 2.29M
Selling and marketing expenses - 1.76M 2.82M - -
Gross profit -0.28M 2.79M -0.20M - -
Reconciled depreciation - 0.14M 0.13M 0.12M 0.07M
Ebit -2.63M -0.29M -5.11M -3.65M -7.52M
Ebitda -2.35M -0.02M -4.92M -3.53M -7.45M
Depreciation and amortization 0.28M 0.27M 0.20M 0.12M 0.07M
Operating income -2.63M 0.30M -3.38M -3.65M -7.52M
Other operating expenses 2.63M 2.49M 3.38M 3.37M 3.89M
Interest expense 2.27M 2.84M 2.05M 2.92M 1.11M
Tax provision - 0.00M 0.00M 0.00M 0.00M
Interest income - 0.18M 0.20M 3.35M 4.75M
Net interest income - -3.15M -2.46M -2.77M -1.11M
Extraordinary items - 1.15M -0.22M - -
Income tax expense - - -0.79M 2.49M 1.11M
Total revenue - 2.79M 0.20M 0.15M 0.01M
Total operating expenses 2.35M 2.49M 3.92M 3.37M 3.89M
Cost of revenue 0.28M 0.25M 0.20M - -
Total other income expense net -1.73M -3.92M -3.79M -0.42M -1.11M
Net income from continuing ops - -3.62M -7.17M -6.57M -8.63M
Net income applicable to common shares - -2.47M -7.17M -6.57M -8.63M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 149.92M 125.00M 120.30M 111.36M 109.36M
Other current assets 2.28M 1.33M 1.21M 1.36M 0.58M
Total liab 44.94M 44.68M 47.80M 47.05M 61.81M
Total stockholder equity 104.97M 80.32M 72.51M 64.31M 47.55M
Other current liab 31.75M 32.53M 32.74M 33.16M 31.92M
Common stock 225.60M - 184.84M 169.54M 145.69M
Capital stock - 196.57M 184.84M 169.54M 145.69M
Retained earnings -120.62M -116.25M -113.89M -106.80M -100.24M
Other liab - - - 5.73M 7.24M
Other assets - - - 1.48M -
Cash 28.25M 13.30M 16.78M 11.65M 7.42M
Total current liabilities 42.73M 34.78M 36.43M 34.11M 48.29M
Current deferred revenue - - 1.13M - 1.98M
Net debt -20.32M - -9.33M -4.45M 12.02M
Short term debt 7.92M - 0.08M 0.00M 13.15M
Short long term debt - - - - 13.15M
Short long term debt total 7.93M - 7.44M 7.21M 19.44M
Other stockholder equity - - - 1.25M 2.09M
Property plant equipment - - - 96.48M 100.94M
Total current assets 31.72M 15.05M 18.49M 13.39M 8.42M
Net tangible assets - - - 64.31M 47.55M
Short term investments - 0.00M - - -
Net receivables 1.19M 0.17M 0.12M 0.06M 0.14M
Long term debt - 6.66M 7.37M 7.02M 6.17M
Inventory - - 0.38M 0.33M 0.28M
Accounts payable 3.06M 1.20M 2.49M 0.95M 1.24M
Accumulated other comprehensive income - - 1.56M 1.57M 2.09M
Non currrent assets other 118.05M - 0.76M 1.48M -100.94M
Non current assets total 118.20M 109.95M 101.81M 97.97M 100.94M
Capital lease obligations - 0.29M 0.08M 0.19M 0.12M
Long term debt total - - - 7.21M 6.29M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - -10.61M -4.63M -6.59M -20.33M
Change to liabilities - - - -0.16M -0.03M
Total cashflows from investing activities -10.92M -10.61M -4.63M -6.59M -20.33M
Net borrowings - - -0.50M -8.13M 23.10M
Total cash from financing activities 28.91M 11.25M 13.97M 14.62M 27.72M
Change to operating activities - - - 0.10M 0.07M
Net income -4.37M -2.47M -7.17M -6.57M -8.63M
Change in cash 14.43M -3.48M 5.12M 4.23M 4.03M
Begin period cash flow 13.82M 16.78M 11.65M 7.42M 3.39M
End period cash flow 28.25M 13.30M 16.78M 11.65M 7.42M
Total cash from operating activities -3.52M -4.12M -4.22M -3.80M -3.36M
Issuance of capital stock - 12.03M 15.54M 24.00M 5.32M
Depreciation 0.28M - 0.20M 0.23M 0.46M
Other cashflows from investing activities -2.00M -10.60M -1.90M 0.81M -0.05M
Dividends paid - - - - 23.15M
Change to account receivables -0.25M 0.07M -0.07M 0.08M -0.04M
Sale purchase of stock - -0.65M -0.95M -1.25M -0.35M
Other cashflows from financing activities -0.13M -0.77M -0.12M -0.12M 46.25M
Change to netincome - - - 2.52M 4.82M
Capital expenditures 0.00M 16.31M 4.72M 6.54M 8.33M
Change in working capital -0.08M -0.27M 0.15M 0.08M -0.04M
Stock based compensation - - 0.79M 0.59M 0.80M
Other non cash items 0.64M -3.85M 1.81M 2.53M 4.82M
Free cash flow -3.53M -20.43M -8.94M -10.34M -11.69M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
COI
Comet Ridge Ltd		 0.00
1.64%		 0.06 - 178.57 374.47 1.06 107.70 -16.08
WDS
Woodside Energy Group Ltd		 0.01
0.03%		 30.91 12.91 9.64 4.20 1.20 3.80 5.59
STO
Santos Ltd		 0.10
1.15%		 8.80 25.94 8.67 4.14 1.31 5.35 8.33
BPT
Beach Energy Ltd		 -
-%		 0.91 7.58 4.68 1.09 0.64 1.31 2.67
TBN
Tamboran Resources Corporation		 0.01
2.44%		 0.21 - - 1219.70 1.26 - -10.29

Profile*

Comet Ridge Ltd

Comet Ridge Limited engages in the oil and gas exploration, appraisal, and development activities in Australia. The company's flagship property is the Mahalo Gas Hub, which comprises 2 reserves and 2 contingent resources totaling 676 petajoules located in southern Bowen Basin in Queensland. Comet Ridge Limited is based in Brisbane, Australia.

410 Queen Street, Brisbane, QLD, Australia, 4000

61 7 3221 3661

https://cometridge.com.au

Name Title Year Born
Mr. Tor McCaul B.E., M.B.A., B.E. (Hons), B.Econ, MBA MD & Director NA
Mr. Christopher John Patrick Pieters B.Sc., B.Sc (Hons), B.Bus Exec. Director 1982
Mr. Phil Hicks Chief Financial Officer NA
Mr. Dale Aaskow Dipl.T Chief Operating Officer NA
Mr. Ashley Vincent Edgar Gen. Mang. of Exploration & Sub-Surface NA
Mr. Stephen Rodgers L.L.B., LLB Company Sec. NA
Mr. Christopher John Patrick Pieters B.Sc., B.Sc (Hons), B.Bus Executive Director 1982
Mr. Ashley Vincent Edgar General Manager of Exploration & Sub-Surface NA
Mr. Stephen Rodgers L.L.B., LLB Company Secretary NA
Mr. Christopher John Patrick Pieters B.Sc., B.Sc (Hons), B.Bus Executive Director 1982

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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