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Metgasco Limited (ASX:MEL)
ALERT: Price-sensitive ASX Announcement for MEL
Current share price for MEL : $0.012 -0.01 (-45.45%)+
Announcement
Release
2 Mar 2026 10:00AM
Price at Release
$0.022
Full Release
Summary
Metgasco Ltd (ASX: MEL) has announced updates regarding its sale agreement with Vintage Energy Ltd, which involves the transfer of Metgasco's 25% non-operated interest in the Odin and Vali Gas Fields. The new target completion date for Vintage's commitment is extended to 31 March 2026, while the overall completion date for the transaction remains unchanged. This announcement has been authorized by the company's Board.
Key Points
- Metgasco Ltd (ASX: MEL) is involved in a sale agreement with Vintage Energy Ltd.
- The sale involves Metgasco's 25% non-operated interest in licences at the Odin Gas Field and Vali Gas Field.
- The updated target completion date for Vintage's commitment is extended to 31 March 2026.
- The end date for the completion of the proposed transaction remains 31 March 2026.
- The announcement was approved by the Metgasco Board.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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