Articles On Metgasco (ASX:MEL)

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...

Joint venture partners Metgasco (ASX: MEL), Vintage Energy (ASX: VEN) and private company RCMA Australia have entered a rig sharing contract with fellow oil and gas explorer Strike Energy (ASX: STX) with a view to drill the Cervantes-1 well...

Metgasco has cranked up gross resources at the Odin gas field in the Cooper Basin from pre-drill mid case  Prospective Resource  estimate of 12.6 billion cubic feet to a 2C Contingent Resource of  36.4Bcf. The 190% increase in the   gas res...

Metgasco has cranked up gross resources at the Odin gas field in the Cooper Basin from pre-drill mid case Prospective Resource estimate of 12.6 billion cubic feet to a 2C Contingent Resource of 36.4Bcf. The 190% increase in the gas resource...

Vintage Energy (ASX: VEN) has booked what it describes as an “outstanding” 190% increase to the material gas resource at its majority-owned Odin field in Queensland’s Cooper Basin. The Odin field now has independently certified gross 2C con...

The northern Perth Basin is back in the limelight as the next great source of gas for Western Australia after Mineral Resources (ASX:MIN) and Norwest Energy (ASX:NWE) declared their Lockyer Deep 1 exploration well to be a significant gas di...

The 2021 financial year was one of contrasts for the oil and gas industry with low crude prices making life challenging for many ASX companies earlier in the year before a strong recovery improved conditions. Oil prices traded below the US$...

Metgasco’s belief that there is more gas than previously estimated at the Odin/Vali fields has been validated after wireline logging of Vali-3 returned 178m of net pay. Analysis of the wireline logs by the operator indicated that the well h...

Net gas pay results from the Vali-3 well in the Cooper Basin ATP 2021 project have “exceeded the expectations” of joint venture partners Vintage Energy (ASX: VEN, 50% and operator) and Metgasco (ASX: MEL, 25%). The well has delivered the la...

Trading Places is Stockhead’s recap of the buys and sells of ASX small cap shares by fund managers and other famous investors over the last fortnight. Specifically, Stockhead tracks substantial shareholder movements, being shareholders hold...

Junior explorer Vintage Energy (ASX: VEN) has posted a strong quarter to 30 June with a 100% success rate in drilling at four wells within the onshore Cooper-Eromanga Basin between Queensland and South Australia. Work at the Vali-2 well app...

A cold winter, an outage at the Langford gas plant and high international gas prices have conspired to send Victorian spot gas prices up to $20 per gigajoule, the highest price since 27 June 2016. It’s not any easier for the rest of Austral...

Vintage Energy (ASX: VEN) is celebrating its 100% success rate from a three-well drilling campaign in the Cooper Basin with the announcement that its Vali-3 well has now been cased as a future gas producer. Vali-3 reached a total depth of 3...

Metgasco and its partners have maintained their 100% success rate in the Cooper Basin, with the casing of the Vali-3 appraisal well for future production. This comes after wireline logging confirmed the presence of gas pay in the primary ta...

Australian shares had a positive start to the week despite closing well off intraday highs. After gaining as much as 0.44% the ASX 200 closed just 0.09% higher at 7,315 points. The ASX Emerging Companies Index meanwhile lost 0.33%, closing...

Drilling has wrapped up at Metgasco’s Vali-3 well in the Cooper Basin, Queensland with gas shows observed in the primary target Patchawarra Formation. In addition to the previously reported gas shows in the shallower Nappamerri and Toolache...

Exploration junior Vintage Energy (ASX: VEN) has encountered more oil and gas shows as it continues to drill its Vali-3 appraisal well in the Cooper Basin. Vali-3 spudded on 9 June and is currently drilling at a depth of 2,774m in the Epsil...

Metgasco and its partners continue to build up the case for a Cooper Basin gas production hub after confirming that the Odin-1 well had intersected 172.5m of net gas pay. The highlight is the 37m of conventional net gas pay in the Toolachee...

Metgasco and its partners continue to build up the case for a Cooper Basin gas production hub after confirming that the Odin-1 well had intersected 172.5m of net gas pay. The highlight is the 37m of conventional net gas pay in the Toolachee...

Metgasco is looking to go three for three with gas shows observed in the secondary objective mid-Nappamerri Formation within its Vali-3 appraisal well. While the gas shows would be encouraging on its own, the well also observed oil shows in...

New CEO announced for AMP Capital, Brisbane 2032 Olympics vote set for July 21, oil and gas exploration company Metgasco begins drilling Vali-3 well and MORE.

Metgasco has announced that Vali-3 appraisal well at its Vali joint venture in the Cooper Basin has been spudded.   Metgasco (ASX:MEL) owns a 25% share in the Vali field alongside Vintage Energy (ASX:VEN, 50%) and privately owned Bridgeport...

Uranium optimism is growing with governments around the world including nuclear energy in their plans to slash carbon emissions and the US saying outright that achieving its climate goals would not be possible without nuclear plants. Nuclea...

Vintage Energy (ASX: VEN) is rejoicing in news that the interpreted net pay of the second well of its Vali gas field in Queensland has exceeded pre-drill expectations while a third well is lined up to spud in the coming days. The Vali-2 wel...

Metgasco and its partners are looking at substantial gas reserve upside at their Vali field after confirming better than expected net gas pay at the Vali-2 well. Wireline logs confirmed that the Cooper Eromanga Basin well had intersected 15...

Crude oil prices have strengthened this week with the benchmark Brent oil now tracking above US$70 per barrel after OPEC and its associates expressed optimism about demand for the fossil fuel. Commonwealth Bank quoted Saudi Arabia energy mi...

Metgasco (ASX:MEL) is now two for two in the Cooper-Eromanga Basin with the Odin-1 exploration well in South Australia to be cased for future gas production. Odin-1 was drilled to a total depth of 3,140m and encountered extensive gas shows...

Wireline logging by Vintage Energy (ASX: VEN) of the Odin-1 joint venture exploration well in Queensland’s Cooper Basin has confirmed extensive gas pay in the primary Toolachee and Patchawarra, as well as the secondary Epsilon, formations....

Metgasco’s Odin-1 exploration well in South Australia’s Cooper-Eromanga Basin has encountered ‘extensive’ gas shows in the Toolachee, Epsilon and Patchawarra formations. Operations are now focused on conditioning the hole prior to running t...

Vintage Energy (ASX: VEN) and its joint venture partners have reached the total depth of the Odin-1 well in Queensland’s Cooper Basin, revealing “extensive gas shows” during drilling. The well is part of permit PRL 211 with Vintage owning 4...

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 checks in with Ken Aitken, chief executive officer of Metgasco (ASX:MEL). Metgasco is an...

Just a week from suspending the Vali-2 appraisal well as a future gas producer, Metgasco and its partner are already drilling the Odin-1 well. Odin-1 is being drilled to address a large fault-bounded Patchawarra Formation closure, up dip of...

Just a week from suspending the Vali-2 appraisal well as a future gas producer, Metgasco and its partner are already drilling the Odin-1 well. Odin-1 is being drilled to address a large fault-bounded Patchawarra Formation closure, up dip of...

Following the confirmation of gas in the second well of Vintage Energy’s (ASX: VEN) 50%-owned Vali field in Queensland’s Cooper Basin, a third well has been given the go ahead after the nearby Odin-1 well has been completed. Vintage and its...

Mindax gets its act together, rejoins the ASX, climbs by ~6,000% Pursuit finds some additional EM conductors near Chalice Mining’s Julimar Project ACCC gives green light to Vintage, Metgasco and Bridgeport to jointly market Vali gas Her...

Vintage Energy (ASX: VEN) and its partners Megasco (ASX: MEL) and New Hope (ASX: NHC) subsidiary Bridgeport have secured authorisation from the Australian Competition and Consumer Commission to jointly market gas from the Vali field. Vintag...

Metgasco can chalk the Vali-2 appraisal well in as a success after wireline logging confirmed that gas is present in the target Patchawarra and Toolachee formations. Notably, the presence of gas in the Toolachee Formation four-way dip closu...

Vintage Energy (ASX: VEN) has confirmed the presence of gas at its Vali-2 well in the Cooper Basin and has subsequently cased and suspended it for future production. Vali-2 is located within permit ATP 2021 in Queensland, which is 50% owned...