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An announcement from Metgasco Ltd ( (AU:MEL) ) is now available.
Metgasco Ltd announced the production activities from two gas fields, Odin and Vali, which are now supplying the undersupplied Eastern Australian market. The Odin Field has been producing since September 2023, with Odin-2 expected to come online in October 2024, while the Vali Field has been operational since February 2023. This development is significant for Metgasco as it strengthens its position in the energy sector by addressing the regional gas supply shortage, potentially enhancing its market share and stakeholder value.
More about Metgasco Ltd
Metgasco Ltd operates in the energy sector, focusing on the exploration and production of gas. The company is involved in developing gas fields to supply the undersupplied Eastern Australian market.
Current Market Cap: A$3.67M
See more data about MEL stock on TipRanks’ Stock Analysis page.