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Metgasco Ltd ( (AU:MEL) ) just unveiled an update.
Metgasco Ltd has secured an extension to the repayment date of its convertible loan agreement with Glennon Small Companies Ltd (GC1), pushing the due date back six months from 31 December 2025 to 30 June 2026 on unchanged terms. The extension provides Metgasco with additional financial flexibility and time to meet its obligations under the facility, supporting the company’s capital management and potentially easing short‑term funding pressures as it progresses its energy projects.
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 (ASX: MEL) is an Australian energy company focused on upstream oil and gas exploration and development, with its activities and corporate offices based in Perth, Western Australia. The company engages in projects aimed at discovering and commercialising hydrocarbon resources for domestic and regional markets.
Average Trading Volume: 105,377
Technical Sentiment Signal: Sell
Current Market Cap: A$1.03M
For an in-depth examination of MEL stock, go to TipRanks’ Overview page.