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Metgasco Ltd ( (AU:MEL) ) has shared an announcement.
Metgasco has extended by 28 days, to 28 February 2026, the target date for Vintage Energy to commit to acquiring Metgasco’s 25% non-operated interests in the Odin and Vali gas field joint ventures. Under the revised arrangement, Vintage will continue to fund Metgasco’s cash call obligations under the joint operating agreements through February 2026 via an interest-free loan that will be forgiven if the sale completes, while remaining repayable within six weeks if the deal falls through, with the outer completion deadline for the transaction unchanged at 31 March 2026, affecting Metgasco’s near-term funding profile and signalling continuing progress but some timing uncertainty around the asset sale.
The most recent analyst rating on (AU:MEL) stock is a Hold with a A$0.03 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 with a non-operated 25% interest in the Odin and Vali gas fields, participating as a joint venture partner in upstream gas exploration and production.
Average Trading Volume: 118,513
Technical Sentiment Signal: Sell
Current Market Cap: A$955.3K
For detailed information about MEL stock, go to TipRanks’ Stock Analysis page.