Articles On Metgasco (ASX:MEL)

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...

Metgasco (MEL) announces the completion of initial Odin-1 well tests and says the gas flow rate continued to perform strongly Over the course of five intervals, a total of 26.6 metres within the Toolachee Formation were perforated and 7.5...

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, managing director of Metgasco (ASX:MEL) Metgasco is an Australian o...

Flow testing has confirmed the ability of Metgasco’s Odin-1 well in the Cooper Basin, South Australia, to produce at excellent conventional  gas flowrates. The well, which is now shut-in for pressure build-up, produced gas at a stable rate...

Vintage Energy (ASX: VEN) has finished flow testing its Odin-1 exploration gas well in Queensland’s Cooper Basin, with flow rates described as “performing strongly”. Flow testing of Odin-1 started late last month and the well has now been s...

Following an independent evaluation of the Vali gas field reserves, the company has increased the reserves for the Patchawarra Formation – underpinning its planned pivot to gas producer in mid 2022.  Metgasco Ltd has announced a three-fold...

In what has been described as possibly the most significant news since Vintage Energy (ASX: VEN) listed, the oil and gas explorer has announced a significant upgrade to the gas reserves for its Vali field in the Cooper Basin. The company to...

Metgasco has reason to be positive after the Odin-1 exploration well clocked in at a current rate of 7.58 million standard cubic feet of gas per day at a flowing wellhead pressure of 2018 psi during the early phase of testing. The gas flow...

Metgasco (ASX:MEL) will soon have a clear idea of how well the Odin field will perform with the start of testing at the Odin-1 well in the Cooper Basin. The testing by operator Vintage Energy (ASX:VEN) will assess gas flow rates from the co...

Oil and gas explorer Vintage Energy (ASX: VEN) has begun flow testing its Odin-1 exploration well in the Cooper Basin to assess its potential to deliver conventional gas from the Toolachee and Epsilon formations. The Odin-1 well was drilled...

Oil and gas prices are rising, a fact that anyone who has been to the pumps in recent weeks will know from their empty wallets. And it is only going to get worse given that changes in international crude prices can take about two weeks to w...

V-Con is Stockhead’s investing focused video conference series, bringing you expert insights, panel discussions and presentations from leading analysts, listed small caps and industry players. This latest video conference focuses on the oil...

Metgasco and its partners are on track to secure a rig to drill the Cervantes-1 oil exploration well that targets a lookalike of the Hovea oil field, with Waitsia type reservoir quality, in the onshore Perth Basin, WA. The joint venture has...