Metgasco Ltd (AU:MEL) has released an update.
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Metgasco Ltd is set to commence completion operations for its Odin-2 well in July, aiming to enhance multi-formation gas production in the Queensland Cooper Basin. Simultaneously, the company will undertake production optimization activities for Odin-1 and Vali-2 wells, following unsuccessful attempts to establish significant gas flow from Vali-2. This initiative is part of Metgasco’s strategy to boost overall field productivity, with Odin-1 currently producing at a rate of 1.4 MMscf/d and Vali-1 at 1.3 MMscf/d.
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