Articles On Metgasco (ASX:MEL)

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...

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...