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COMET RIDGE LIMITED Capital/Financing Update 2009

Feb 8, 2009

64686_rns_2009-02-08_743fff7c-dc41-4beb-86b0-77167c76a5ed.pdf

Capital/Financing Update

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9 February 2009

ASX Limited Level 8, Exchange Plaza 2 The Esplanade Perth WA 6000

Attention: Jill Hewitt,

Dear Jill,

Request for Trading Halt – Comet Ridge Limited

The Company requests an immediate halt in the trading of its securities pending finalisation of documentation in respect to a proposed corporate transaction between Comet Ridge Limited and Chartwell Energy Limited.

An announcement to the market will be made in due course. The Company is unaware of any reason why the halt should not be granted.

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Jeff Schneider Executive Chairman

For further information on Comet Ridge Limited please contact Jeff Schneider David Waterhouse Telephone: +61 419957084 +61 3 96399099 Email: [email protected] [email protected]

AUSTRALIA ASX CODE: COI c/- Endeavour Corporate ASX Listed: 19 April 04 Suite 8, 7 The Esplanade, Shares on Issue: 105 million Mt Pleasant, Unlisted Options: 10.25 million Western Australia 6153 Phone: +61 8 9316 9100 Top 20: 44% Fax: +61 8 9315 5475 Directors: 12%

Comet Ridge Limited ABN 47 106 092 577 E-mail: [email protected] Website: www.cometridge.com.au