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Metgasco Ltd ( (AU:MEL) ) has shared an update.
Metgasco Ltd has updated the timetable for its planned divestment of its 25% non‑operated interests in the Odin and Vali gas field joint ventures to Vintage Energy Ltd, extending Vintage’s deadline to commit to the acquisition and, if needed, obtain shareholder approval by one month to 31 January 2026. The company confirmed that the final completion date for the transaction remains no later than 31 March 2026 and that its Extraordinary General Meeting will proceed as scheduled on 14 January 2026, signalling continued progress on the asset sale that could reshape its portfolio and capital allocation once completed.
The most recent analyst rating on (AU:MEL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
More about Metgasco Ltd
Metgasco Ltd is an Australian oil and gas company listed on the ASX that holds non‑operated interests in gas production licences, including stakes in the Odin and Vali gas fields. The business is focused on upstream gas assets and participates in joint ventures rather than operating the fields itself, positioning it as a smaller player leveraging partnerships in the domestic energy sector.
Average Trading Volume: 112,532
Technical Sentiment Signal: Sell
Current Market Cap: A$1.03M
For detailed information about MEL stock, go to TipRanks’ Stock Analysis page.