Metgasco Ltd (“Metgasco” or “Company”) is a petroleum (oil and gas) exploration and production company, listed on the Australian Securities Exchange (MEL).
The Company is currently transitioning to becoming a gas producer through its Vali field located in the ATP2021 permit in Queensland.
Metgasco’s strategy is to develop a sizeable gas production hub through its core assets held in the recently discovered Vali and Odin fields, whilst evaluating the further gas and oil prospectivity in the surrounding area held within the ATP2021 permit.
The Vali field life of approximately 30-40 years should be able to provide sustainable future production and sales receipts for the core business.
The Company continues to review new business development opportunities, as well as potential new areas of business consistent with the Company’s strategic objectives and the evolving energy sector backdrop.