Articles On Metgasco (ASX:MEL)

Metgasco (ASX:MEL) has received some early signs of success at the Vali-2 appraisal well in the Cooper-Eromanga Basin with gas shows observed in two formations. Vali-2, which was drilled to appraise the extent of the Patchawarra Formation g...

Energy is an essential piece of modern life and while energy demand fell in 2020 due to the impact of the COVID-19 pandemic, emerging markets and developing economies are expected to drive a 4.6 per cent increase in demand. In its Global En...

Metgasco (ASX:MEL) will soon have a better understanding of its Cooper Eromanga Basin gas acreage with a rig mobilising to drill the first of two wells. The rig is expected to spud the Vali-2 appraisal well within the next couple of days to...

Power Up is Stockhead’s fortnightly look at all the news and moves driving ASX energy stocks. After a brief foray above the $US65 ($85.60) a barrel mark in March, oil prices have slid back down to hover around the $US60 a barrel level thank...

Source: Christian Lagerek, Shutterstock Summary JV partners of the Vali gas field are advancing well to get authorisation to market gas to the east coast of Australia. The authorisation will act as a safeguard from future court action...

RockTalks is a Stockhead video series featuring a roundtable of resources experts discussing a new macro topic each week. The program is sponsored by Bridge Street Capital Partners, a leading ECM and principal investment firm focused on min...

Special Report: An observation made at sea many years ago rings true to this day for Metgasco CEO Ken Aitken. ... Read More The post Activity abounds for Metgasco in dual oil and gas pursuit appeared first on Stockhead.

Vintage Energy (ASX: VEN), a company listed in 2018 to take advantage of the eastern Australia gas crisis, will begin testing its ground in the onshore Otway Basin and the Cooper Basin in the coming weeks following COVID-19 delays being res...

Vintage Energy (ASX: VEN) has a busy 1H of 2021 planned, with drilling to be completed at Vali-2, Odin-1, and Cervantes-1 wells, while testing Nangwarry-1 is scheduled for later this month. In the Cooper Basin, Vintage owns 50% of ATP 2021...

Vintage Energy (ASX: VEN) has collared interim Australian Competition and Consumer Commission authorisation to make gas marketing arrangements along with joint venture partners Metgasco (ASX: MEL) and New Hope Corporation’s (ASX: NHC) subsi...

Vintage Energy (ASX: VEN) is another step closer to supplying gas for Australia’s east coast market after announcing independently certified 2P gas reserves for its Vali field in Queensland’s Cooper-Eromanga Basin. The explorer has revealed...

Oil and gas explorer Vintage Energy (ASX: VEN) is on track to deliver its first cash flow in 2021 as offtake talks continue for its Vali Field gas. In the short space of two years since listing on the ASX, the exploration junior has acquire...

Stock analysis veteran and lover of the resources game, Peter Strachan, is back for another instalment of the Rock Yarns ... Read More The post Rock Yarns: Metgasco’s Vali discovery marks near-term producer potential appeared first on Stock...

The Vintage Energy Ltd (ASX: VEN) share price surged today, closing 9.3% higher at 9.4 cents at the end of trade. This came after the company announced “highly successful” flow test results from its Vali-1 ST1 joint venture. Vintage Energy...

ASX companies continued to raise money in July, with over $4bn shelled out by investors, taking 2020’s total above $30bn. According to Bloomberg, there has been $32.3bn worth of cash raised between January 1 and August 3. This is well ahead...

A quick wrap of the ASX’s key winners and losers on Tuesday, July 21. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potentially market-moving announcements during the day. Today 1032 ASX stocks rose, 38...

More gas suppliers are stepping forward as Eastern Australia struggles to find enough supply for its domestic market. Cooper Energy (ASX:COE) has committed $55m to finish upgrading its Minerva gas plant to be a processing hub for production...

A quick wrap of the key winners and losers on Wednesday, June 3. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potentially market-moving announcements during the day.   WINNERS Code Name Pr...

Australian oil and gas junior Melbana Energy (ASX: MAY) is farming out up to 70% of its stake in an onshore oil block in Cuba to Angola’s state-owned oil company Sonangol. Sonangol produces more than 2 million barrels of oil per day and is...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Metgasco (ASX:MEL) has executed a re-stated farm-out agreement for Cervantes in Western Australia The re-stated agreement with RCMA Australia now includes Vintage Energy (ASX:VEN) As such, Metgasco’s costs will reduce to 50 per cent for d...

The strong results from the Vali-1 well reinforce Metgasco’s confidence in the prospectivity of ATP2021.

On January 10, Metgasco’s (MEL) Vali-ST1 gas exploration well reached a depth of more then 2200 metres Initial analysis indicated that gas has been intersected in multiple sands The estimated farm-in costs is expected to be no more than...

Keybridge Capital (KBC) has received an off-market cash takeover bid from Aurora Dividend Income Trust (ADIT) Just last week WAM Active offered to purchase the company ADIT offered 6.6 cents per share, just 0.1 cents more than WAM The comp...

Vintage Energy (VEN) has given investors an update on several of its joint venture operations Drilling is coming along nicely at the Otway Basin in South Australia and the Cooper/Eromanga Basin in Queensland At the Queensland Galilee Basin...

At 6:00 am this morning, Metgasco’s (MEL) Vali-ST1 gas exploration well was drilled at a measured depth of almost 2700 metres The well was plugged back and side-tracked to correct excessive deviation and maintain the target tolerance Hig...

New Energy Solar (ASX:NEW) is all but set to power up the new year in style after completing construction of its Mount Signal 2 solar plant in California’s Imperial Valley. While further testing is required under the engineering, procuremen...

Stock analysis veteran and lover of the oil and gas game, Peter Strachan, is putting aside the Bloomberg terminal and picking up the microphone for another instalment of The Wildcatter Podcast. In this latest episode, Peter interviews Ken...

Cleantech stocks continue to outperform the wider market, notwithstanding a go-slow on climate and energy policy from the federal government. The Deloitte Australia Clean Tech Index, an index of 93 ASX-listed cleantech companies, rose 7.8 p...

Stock analysis veteran and lover of the oil and gas game, Peter Strachan, is putting aside the Bloomberg terminal and picking up the microphone for another instalment of The Wildcatter Podcast. In this latest episode, Peter interviews And...

Vintage Energy (ASX: VEN) has taken on the role of operator diligently and efficiently progressed operational planning to sign off a LOI for the SLR 185 drilling rig from Schlumberger to secure a late 2019 Spud for Vali-1. Major Highlights:...

The runaway success of Strike Energy (ASX:STX) and Warrego Energy’s (ASX:WGO) West Erregulla-2 well has placed the Perth Basin in the limelight. It has confirmed that the target Kingia and High Cliff sandstones, which have produced gas in t...

The lift in the price of oil to six month highs on the threat of Middle East supply disruptions has breathed life into a sector that had been in the doldrums for several months amid slowing global growth which has kept the price under press...

Junior oil & gas explorer Buru Energy (ASX:BRU) remains optimistic it will get the regulatory clearance it needs to advance its fracking operations in WA. The company highlighted this morning that the WA government had now lifted a mora...

Since early July, Byron Energy (ASX:BYE) shareholders have seen tough times with shares falling after one well in Louisana was a write-off. But this morning shares climbed over 35 per cent after another well was more successful. The company...

The Queensland government has formally awarded Authority to Prospect to coal seam gas explorer Armour Energy’s (ASX: AJQ) joint venture with Australia Pacific LNG (APLNG). While APLNG, which is a joint venture of Sinopec, ConocoPhillips and...

Keybridge Capital Limited (ASX: KBC) is an investment and financial services group with a diversified portfolio of listed and unlisted investments/loan assets in the US private equity, New Zealand life insurance, property and funds manageme...

Sometimes you’ve got to read between the lines to find out what a company wants to say, and others will hit you with the bad news up front. It’s unusual, however, to see from two companies about the same news. Byron Energy’s (ASX:BYE) and M...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Byron Energy Limited (ASX: BYE) Byron Energy Limited (ASX: BYE), an Australian Securities Exchange listed, oil and gas explorer in the Gulf of Mexico, announced on 21st June 2019 that the company’s operated first test well on the South Mars...

International research suggests shares in companies that buy in their own equities are more likely to respond positively through share price appreciation. Investors should note, however, buying back own stock is not a guarantee of significa...