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Why Did Metgasco Walk Away From Its $255K Vintage Deal?

10:00am on Wednesday 1st of April, 2026 AEDT Energy
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Why Did Metgasco Walk Away From Its $255K Vintage Deal?

10:00am on Wednesday 1st of April, 2026 AEDT
Key Points
  • Sale agreement with Vintage Energy terminated due to unmet funding conditions
  • Metgasco to repay $255,000 interest-free loan to Vintage by mid-May
  • South Australian government grants of $5 million awarded for Odin-3 and Vali-4 projects
  • Company to continue joint venture operations and accelerate exploration in ATP2021
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