Latest Metgasco Ltd News

Metgasco’s September quarter delivered lower production and revenue, while unrestricted cash covered less than one quarter of operating needs. The company is pursuing recapitalisation as A$7.3 million of debt approaches a December maturity and 30.15 PJe of reserves shifts into contingent resources.

Metgasco’s independently assessed 2P reserves have fallen to 6.2 PJe from 36.45 PJe, despite unchanged gas-in-place estimates at its Odin and Vali fields. The company says the change reflects current capital expenditure plans rather than a geological reduction, with 31.45 PJe now classified as 2C contingent resources.

Vintage Energy has locked in $5 million in South Australian government grants to co-fund drilling two new gas wells, aiming to boost output from the Southern Flank projects in the Cooper Basin.

Metgasco has obtained a A$500,000 bridging loan at 10% interest to cover immediate capital needs while advancing a broader debt restructuring plan.

Metgasco has ended its asset sale agreement with Vintage Energy after funding conditions were unmet, signaling a strategic pivot amid ongoing exploration and recapitalisation efforts.

Metgasco has pushed back the deadline for Vintage Energy's commitment to acquire its 25% stake in the Odin and Vali Gas Fields, extending the timeline by a month while keeping the overall transaction completion date intact.

Vintage Energy has landed $5 million in South Australian government grants to fund drilling of two new gas wells, aiming to enhance gas supply for local electricity generation.

Vintage Energy revises its December 2025 quarterly report to highlight a conditional agreement to acquire Metgasco’s licence interests, while production dips amid ongoing operational efforts.

Metgasco has pushed back the deadline for Vintage Energy's commitment to acquire its 25% stake in the Odin and Vali Gas Fields to 28 February 2026, with Vintage assuming additional cash call obligations as part of an interest-free loan arrangement.

Metgasco has pushed back the deadline for Vintage Energy’s commitment to acquire its stake in the Odin and Vali Gas Fields, extending the timeline while keeping the overall transaction completion date intact.

Metgasco has agreed to sell its 25% stake in key Cooper Eromanga Basin gas fields to Vintage Energy for $5.9 million, marking a significant shift in its business focus. The deal hinges on Vintage securing funding and acquiring additional interests, with shareholder approval required.

Metgasco Ltd has entered a conditional agreement to sell its 25% stake in two gas fields in the Cooper Eromanga Basin to Vintage Energy for $5.9 million, marking a significant shift in its asset portfolio.