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Metgasco farm-out ATP2021 to Vintage Energy Ltd

22 May 2019

The Board of Metgasco Ltd (Metgasco, or, the Company) is pleased to announce that it has executed a Heads of Agreement with Vintage Energy Ltd (Vintage) in respect of its Cooper/Eromanga Basin asset ATP 2021 with ASX-listed Vintage Energy Ltd (ASX: VE

The joint venture partnership entered into with Vintage provides the following key benefits to Metgasco shareholders:

  • Vintage’s team are well regarded by the Metgasco Board and have significant Cooper/Eromanga Basin technical and operational experience;
  • The Farm-Out agreement reached secures additional project funding to deliver drilling of at least one exploration well in CY 2019; and
  • Metgasco and Vintage have agreed to consider other potential areas of mutual interest.
For more information contact: 

Philip AmeryChairman

Phone: +61 402 091180

CONTACT US

North Sydney Office
Level 3, 2 Elizabeth Plaza
North Sydney NSW 2060

Tel: +61 2 9923 9100
Fax: +61 2 9959 5387

Metgasco Ltd  ACN 088 196 383