Funding of SM74 D14 well AFE confirmed

1 April 2019

Funding of SM74 D14 well AFE confirmed

The Board of Metgasco Ltd (ASX: MEL) (Metgasco, or the Company) advises that it has recently remitted to SM74 operator, Byron Energy Limited (ASX: BYE), USD 4,393,590, being its share of budgeted drilling costs for the SM74 deviated well, representing 40% of the current well AFE (USD $11,419,400) minus amounts billed to date. We plan to update the market on an expected spud date in the near future.

Contact and further information

Metgasco welcomes shareholder communication and invites all interested shareholders to make contact at any time.



For more information contact: 

Philip Amery, Chairman

Phone: +61 02 9923 9100



West Perth Office
Level 2, 30 Richardson St.
West Perth, WA 6005

Tel: +61 8 6245 0060
Metgasco Ltd  ACN 088 196 383