Comet Ridge Ltd Shares Suspended from Quotation
Key points
- Comet Ridge Ltd (ASX: COI) shares suspended under Listing Rule 17.2
- Suspension pending Acquisition Update announcement
- Trading halt expected until Acquisition Update finalized
- No anticipated issues with suspension request
Full summary
Comet Ridge Ltd (ASX: COI) has requested an immediate voluntary suspension of its ordinary shares under ASX Listing Rule 17.2. The suspension is pending an announcement by Comet Ridge in relation to an update on its acquisition of Santos' 42.86% interest in the Mahalo Gas Project, which was announced on 17 December 2025. The company is not in a position to make an announcement regarding the Acquisition Update and has requested the voluntary suspension to prevent uninformed trading. Comet Ridge expects the suspension to remain in place until the Acquisition Update is finalized and an announcement is made, expected by no later than 21 May 2026.
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