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Metgasco’s drilling plans survive as cash pressure sharpens
12:35pm on Friday 30th of October, 2026 AEDT
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Oil and Gas
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Metgasco’s drilling plans survive as cash pressure sharpens
12:35pm on Friday 30th of October, 2026 AEDT
Key Points
Quarterly revenue fell 11% to A$260,750
Unrestricted cash declined to A$169,000, equal to 0.88 quarters of funding
A$7.3 million of Glennon debt was outstanding at quarter-end
2P reserves fell to 6.2 PJe after reclassification, while 2C resources rose to 31.45 PJe
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