Metgasco Ltd
Metgasco Ltd is an Australia-based petroleum (oil and gas) exploration and production company.
The business
Metgasco Ltd is an Australia-based petroleum (oil and gas) exploration and production company. The principal activity of the Company is investment in the exploration, appraisal, development and commercialization of oil and gas assets. The Company operates through two segments: Oil and gas properties, and Exploration. Its tenements include ATP2021, PRL211, and PRL237. ATP2021 is located in Queensland adjoining the Queensland-South Australia border, the Company holds a 25% working interest in the permit. PRL211 lies in the South Australian Cooper Basin, with the license’s eastern boundary adjacent to the ATP2021 western boundary, the Company holds a 25% working interest in the permit. The Odin Gas Field, discovered by the PRL211 Joint Venture, is located in both PRL211 and ATP2021 on the southern flank of the Nappamerri Trough in the Cooper Basin. The Company has about 20% working interest in the PRL237 license.
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Latest news
Vintage Energy Reports Encouraging Progress in Odin-Vali Gas Production Uplift Program
Vintage Energy (ASX: VEN) has reported positive initial outcomes during the second phase of a production uplift program at its Southern Flank gas fields in central Australia. Following a successful Phase 1 program in early September that mainly focused on removing scale impacting flows levels at the Odin and Vali fields, Phase 2 has sought to initiate production […]
Vintage Energy and Metgasco Report Early Gains From Cooper Basin Production Uplift Program
Vintage Energy (ASX: VEN) and joint venture partner Metgasco (ASX: MEL) have delivered encouraging early results from the first phase of a production uplift program at the Odin and Vali gas fields in the Cooper Basin. The program, launched in July after flood disruptions, is addressing scale build-up and restoring well performance across the joint […]
Vintage Energy attracts further subscriptions to support Odin and Vali uplift program
Gas explorer and developer Vintage Energy (ASX: VEN) has announced further subscriptions to its Shortfall Offer, which have taken the Offer, and its preceding Entitlement Offer to 73% subscribed. Vintage reported issuing of 74.0 million shares on 12 May, bringing the allocations under the two Offers to 303.7 million shares, and gross proceeds of $1.52 million. Under […]
Vintage Energy-led JV granted renewal to expand oil and gas prospects at ATP 2021 permit
Vintage Energy (ASX: VEN) and its joint venture (JV) partners have the opportunity to fully evaluate numerous oil and gas prospects in central Australia after receiving a six-year renewal for permit ATP 2021 in Queensland. With Metgasco (ASX: MEL) and Bridgeport, each of which owns a 25% stake, Vintage is now able to move ahead […]
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