New Risk • Jul 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 33% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$10m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$137.5m market cap, or US$96.0m). Announcement • Jul 13
Comet Ridge Limited Appoints Mark Mccabe as Non-Executive Director, Effective July 13, 2026 Comet Ridge Limited announced the appointment of Mr. Mark McCabe as a Non-Executive Director, effective July 13, 2026. Mr. McCabe is a Chartered Accountant who holds a Bachelor of Commerce from Adelaide University and a Masters in Applied Finance & Investment. He started his energy career with Origin Energy in Adelaide in the retail and energy markets business, working in business development and strategy for electricity and gas acquisitions. Mr. McCabe then moved through management positions in Sydney and Melbourne and later became the CFO and Deputy CEO for Australia Pacific LNG, where he led the finance function through project inception, construction and commissioning. Australia Pacific LNG is a CSG to LNG project in Queensland owned by Origin, Conoco and Sinopec, where Mr. McCabe led the establishment of a USD 8.5bn project finance facility, and a subsequent USD 4.5 billion refinancing. Prior to accepting his current role as CFO for MidOcean in Australia, Mr. McCabe was CFO and then CCO (Chief Commercial Officer) for ASX-listed Senex Energy between 2019 and 2023. Mr. McCabe is also a Graduate Member of the Australian Institute of Company Directors (AICD). Announcement • Jun 24
Comet Ridge Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. Comet Ridge Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 48,780,487
Price\Range: AUD 0.1025
Security Features: Attached Options 
