NEW COMMERCIAL DIRECTOR FOR COMET RIDGE

Written on the 6 June 2013

NEW COMMERCIAL DIRECTOR FOR COMET RIDGE

CHRISTOPHER Pieters has been appointed to the role of Commercial Director at Comet Ridge Limited (ASX:COI) and as a result, share prices have jumped by 6.7per cent to $0.24.

Managing Director Tor McCaul says the move reflects the company’s focus on the conversion of its large gas resource base to reserves.

“A tightening gas market in eastern Australia provides the company with a range of commercial opportunities, and I am very pleased to be working with Chris, in an executive capacity, to drive this focus for the company.”

Pieters has been involved with COI since April 2009 as a non-executive director, and has previously worked with companies such as Tlou Energy Limited and Sunshine Gas Limited.

COI currently has a number of significant Coal Seam Gas projects underway in key regions of Queensland, northern New South Wales and New Zealand, as well as oil and gas interests abroad.

Pieters will provide his services as a consultant at a rate of $2000 per day, effective immediately for a term of four months with an option to extend as required.


Latest News

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CRITICS CALL FOR MORE INDEPENDENT DIRECTORS ON BLUE SKY BOARD

BLUE Sky Alternative Investments (ASX: BLA) has defended its governance and valuation processes in response to severa...

BEGA PAYS $460 MILLION FOR VEGEMITE TO BRING THE ICONIC BRAND BACK UNDER AUSTRALIAN OWNERSHIP

VEGEMITE is back under Australian ownership after Bega Cheese (ASX: BGA) agreed to buy Mondelez International's A...

GUVERA ESCAPES WIND-UP ORDER

GUVERA has avoided being wound up after a claim for a $1.78 million debt by Kwong Properties was dismissed at the ...

Related News

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter