Latest Metgasco News

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.

Glennon Small Companies Limited reported a half-year loss for the period ending 31 December 2025, driven by significant investment portfolio losses. Despite this, the company declared dividends and extended a key convertible loan.

Metgasco has secured shareholder approval to sell its 25% interests in the Odin and Vali gas fields for $5.9 million, marking a strategic exit from its core assets amid declining production and ongoing liquidity challenges.

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.

Vintage Energy reported a 13% drop in quarterly sales revenue to $0.78 million, driven by lower gas production, while progressing a strategic acquisition to consolidate its Southern Flank Joint Ventures.

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 shareholders have approved the sale of their 25% stake in the Southern Flank joint ventures to Vintage Energy, marking a key milestone in Vintage’s strategic expansion. The deal still awaits final conditions before completion.