Articles On Metgasco (ASX:MEL)

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...

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...