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Metgasco Posts Modest Profit as Production Uplift Program Gains Momentum
4:21am on Monday 2nd of June, 2025 AEST
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Energy
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Metgasco Posts Modest Profit as Production Uplift Program Gains Momentum
4:21am on Monday 2nd of June, 2025 AEST
Key Points
Quarterly profit of $74,000 driven by Odin and Vali gas production
Production declines moderated by surface pressure debottlenecking and metering fixes
Joint venture approved low-cost production uplift program for all wells
Sales revenue declined 18% quarter-on-quarter to $618,200 due to lower gas and LPG volumes
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Metgasco (ASX:MEL)
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