Articles On Metgasco (ASX:MEL)

Metgasco (MEL) and joint venture (JV) partner Vintage Energy (VEN) begin a work program to bring the QLD-based Odin gas discovery to market The Odin Gas Field is near the JV licence that houses the Vali gas field which the companies are fo...

ShareCafeLunch Report: 19 July, 2022 by Paul Sanger   The ASX is trading lower this morning with most sectors lower led by tech, down 1.39 per cent. The best-performing sector is Energy, up 2.87 per cent. At noon, the S&P/ASX 200 is 0.0...

Vintage Energy (ASX: VEN) and its partners in the PRL 211 joint venture have announced the start of a work program to bring the Odin gas discovery to market at the earliest opportunity. The partners — Vintage (50% equity and operator), Brid...

Metgasco (MEL) and its joint venture (JV) partner Vintage Energy (VEN) complete the first of four phases to bring the Vali gas field into production The fracture stimulation campaign wrapped up last month with the well completion campaign...

Oil and gas company Vintage Energy (ASX: VEN) has announced it has entered the second of four operational phases in a plan to bring its Vali gas field in Queensland’s Cooper Basin into production. Vintage operates the Vali field with a 50%...

In this series, global equities portfolio manager James White ditches micro and macro and embraces “The Meta” perspective. A place where James can obsess over the detritus of where economies crash into equities. Whitey’s house is Lessep IM,...

Joint Venture parties, Vintage Energy (VEN), Metgasco (MEL) and Bridgeport receive ministerial approval to acquire Beach Energy’s (BPT) 15 per cent interest in the Cooper Basin licence PRL 211 Upon completion, Metgasco will hold 25 per cen...

Vintage Energy (ASX: VEN) and its joint venture partners Metgasco (ASX: MEL) and Bridgeport are eyeing first gas from the Vali field in the Cooper Basin for late September or mid-October this year. A rig has been contracted for well complet...

Joint venture (JV) partners Vintage Energy (VEN) and Metgasco (MEL) face delays at the Vali gas project in Queensland in light of global supply chain issues The companies have pushed back construction, with completion expected in September...

Billionaire prospector Mark Creasy increase his Galileo Mining substantial holdings Metgasco’s new UK substantial holder is attracting interest from investors Major investment firms look to increase holdings in gold miners Trading Places...

Junior JV partners benefit from their partner’s experience and credibility Lower operating costs are another benefit Operating agreements allow JV partners to provide input Being the junior JV partner in an oil and gas project has its dra...

Metgasco and its Vali gas field partners are another step closer towards producing gas after executing a pipeline tie-in agreement with the South Australian Cooper Basin (SACB) JV. This follows on the back of the Vali joint venture reaching...

Metgasco (MEL) with its ATP 2021 joint venture partners executes a pipeline tie-in agreement with the South Australian Cooper Basin Joint Venture (SACB) The agreement provides for the connection of the Vali gas flowline, and ongoing receip...

Metgasco has secured the processing agreement with the South Australian Cooper Basin (SACB) JV for its Vali field gas JV in Queensland.  Notably, the processing agreement was a condition precedent to the AGL Gas Sales Agreement (GSA) – whic...

Metgasco (MEL) and its joint venture (JV) partners announce the gas sales agreement with AGL Wholesale Gas (AGL) is now unconditional It comes after the JV secured a Vali Field Gas processing agreement with the South Australian Cooper Basi...

It was hard to miss  Monday’s stunner of an IPO by Top End Energy (ASX:TEE), after the Northern-focussed gassy’s landed on the ASX at 40 cents, double its initial public offering of 20 cents. A 100% premium to the issue price. And with a ne...

The ASX lost ground on Thursday. Weak leads out of Wall Street, more threats of Western-led sanctions v. Russia and a more hawkish tone out of the Federal Reserve left the benchmark 0.6% down with a half hour before the closing bell. Follow...

Shares in Metgasco (MEL) have plunged this morning after the company said it would plug and abandon its Cervantes-1 oil exploration well in the Perth Basin While drilling confirmed the presence of a robust structure, results found that thr...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

The ASX200 has taken a 0.5% hit on Wednesday, with the tech sector giving back all the previous session’s gains after Wall Street fell and the tech-laden Nasdaq Composite lost 2.3% overnight. The overnight session was dominated by comments...

Operations are underway to deliver production from the Vali gas field wells held by the joint venture of Metgasco (MEL), Vintage Energy (VEN), and Bridgeport The fracture stimulation campaign has begun, which will target the Patchawarra fo...

Metgasco’s operating partner Vintage Energy has started work to bring the Vali gas field in Queensland into production under a sales agreement with AGL Wholesale Gas. This work involves fracture stimulation of the gas-bearing Patchawarra Fo...

Metgasco has increased its interest in the Odin gas field in the Cooper Basin, South Australia after the joint venture acquired Beach Energy’s 15% stake in PRL211. The acquisition, on receiving ministerial approval, takes the company’s stak...

Metgasco (MEL) and joint venture (JV) partners Vintage Energy (VEN) and Bridgeport to acquire Beach Energy’s 15 per cent interest in the Cooper Basin licence PRL211 containing the Odin gas field PRL 211 is located immediately west of the J...

The Beach Energy Ltd (ASX: BPT) share price is descending today amid a tough day for ASX energy shares. The company’s shares are currently swapping hands at $1.61, a 1.83% fall. In comparison, the S&P/ASX 200 Index (ASX: XJO) is up 0...

Vintage Energy (ASX: VEN) and its joint venture partners in PRL (petroleum retention licence) 211 in the Cooper Basin have finalised the acquisition of Beach Energy’s (ASX: BPT) 15% equity in the licence. The company, together with Metgasco...

Metgasco is drilling ahead with its Cervantes-1 oil exploration well in the Perth Basin, Western Australia, that targets about 15 million barrels of oil equivalent. The well, which spudded over the weekend, is on trend with the Cliff Head,...

Metgasco has mobilised the Ensign 970 rig to the Cervantes-1 drill pad location where associated equipment has been assembled amid final pre-spud checks. It is anticipated that the Cervantes-1 well will kick off drilling the 17 ½” hole wit...

Oil and gas explorer Metgasco (MEL) mobilises and assembles a drilling rig at its Cervantes-1 oil well in WA’s Perth Basin The company says the Ensign 970 well is undergoing final pre-spud checks, and it expects drilling to begin within 24...

Metgasco has reached a major milestone with the ATP 2021 joint venture executing a definitive gas sales agreement with AGL Wholesale Gas. Cash flow from the sale of gas could begin by the middle of this year under the agreement, which sees...

Metgasco (MEL) executes a definitive gas sales agreement (GSA), which will see sale of all gas produced from its 25 per cent owned joint venture, Vali Field The agreement was formed between the ATP 2021 joint venture parties and AGL Wholes...

Oil and gas explorer Vintage Energy (ASX: VEN) has announced it has signed a maiden gas sales agreement with the wholesale gas subsidiary of energy retailer AGL Energy (ASX: AGL) for the supply of gas produced from its Vali field in Queensl...

The Russia-Ukraine conflict pushed oil prices beyond the US$100/b mark this month, and while they’ve settled somewhat, prices could be set to skyrocket. Added to this, OPEC is sticking to its guns with the consortium ignoring calls to ramp...

Make it three on the trot for the ASX microcap Emerging Companies index, which rose by more than 1% for the third straight session on Friday. The gains follow a broader turnaround in global risk sentiment this week, following the initial sh...

Metgasco is just days out from drilling the hugely-anticipated Cervantes exploration well in the Perth Basin – thought to hold approximately  15 million barrels of oil (MBOE). The Ensign 970 rig is being mobilised to the well location and d...

A rig is on its way to drill Vintage Energy’s (ASX: VEN) 30%-owned Cervantes-1 oil well in Western Australia’s onshore Perth Basin. The Ensign 970 drill rig has been mobilised to the permit L14, where the well will be drilled under a joint...

Metgasco (MEL) announces the Ensign 970 drilling rig is on its way to the Cervantes-1 well, located at the Perth Basin in Western Australia The rig has previously drilled “safely and successfully” at the Perth Basin for other operations, a...

After the Russia-Ukraine crisis sent US investors back into their shell overnight, ASX investors were comparatively sanguine in Friday trade. Large caps still finished in the red, but a host of gains among junior explorers saw the microcap...

Seven more capital raises were announced today, adding to the 89 ASX-listed companies that have raised almost $2 billion so far this year — that’s an average raise of $22 million. By far, the largest capital raise of 2022 to date was the...

Metgasco (MEL) enters trading halt while it finalises plans for an upcoming capital raise So far, it is not known how much the company is aiming to raise or where the funds will be spent Company shares will be paused until Tuesday, Februar...

Another lister explorer microcap was out raising today.

Stock analysis veteran and lover of the resources game, Peter Strachan, is back for another instalment of the Rock Yarns podcast.  In this episode Peter chats to Ken Aitken CEO of Metgasco (ASX:MEL) Metgasco is an ASX listed energy company...

Petroleum explorer Vintage Energy (ASX: VEN) has confirmed it has received regulatory approvals and secured a drilling rig for exploration of the Cervantes-1 oil well in the onshore Perth Basin. The well is to be drilled by the L14 Cervante...

It looks like them energy names are on the rise Wednesday, largely punching above a local market weighed down by weak US leads and possibly boredom. But don’t thank our collective refusal to acknowledge a warming planet. In this case oil pr...

Got 90 seconds? Then listen to Managing Director, Ken Aitken tell us about their company news. Metgasco (ASX:MEL) is an energy company listed in Australia with cash and equity reserves of approximately A$5 mill, is poised for growth and is...

Metgasco and its joint venture partners are a step closer to commercialising their Vali gas field in Queensland after reaching a conditional Heads of Agreement(HoA) with AGL Wholesale Gas. The HoA includes a gross $15million payment to the...

Metgasco (MEL) has signed an agreement for the sale of all gas produced from the Vali Field The agreement is between the ATP 2021 Joint Venture parties and AGL Wholesale Gas Under the agreement, gas will be supplied to AGL from mid 2022 to...

Oil and gas explorer Vintage Energy (ASX: VEN) has signed a heads of agreement to sell the gas produced from its Vali field in the Cooper Basin to the wholesale gas subsidiary of energy retailer AGL Energy (ASX: AGL). Vintage, together with...

Metgasco and its partners have reason to be pleased with the Odin-1 gas exploration well continuing to meet all objectives to date. Following on the successful flow testing, which delivered gas at a stable rate of 6.5 million standard cubic...

A flow test program for the Odin-1 exploration gas well in Queensland’s Cooper Basin is nearly complete, with field operator Vintage Energy (ASX: VEN) confirming positive results to date. Flow testing commenced in October with the well bein...