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The latest announcement is out from Metgasco Ltd ( (AU:MEL) ).
Metgasco Ltd has announced the dispatch of its Offer Booklet for a partially underwritten non-renounceable entitlement offer aimed at raising up to $750,000. The underwriting agreement has been adjusted to increase the maximum underwritten amount to $411,000. This move is expected to enhance Metgasco’s financial position and support its ongoing operations and strategic growth within the oil and gas industry.
More about Metgasco Ltd
Metgasco Limited (ASX:MEL) is an onshore Australia-focused oil and gas exploration and production company. It holds a 25% non-operated interest in the Odin and Vali gas fields located in the Cooper Eromanga Basin. The company has transitioned from exploration to production, generating revenue through long-term gas contracts and is exploring additional growth opportunities.
Current Market Cap: A$5.5M
See more insights into MEL stock on TipRanks’ Stock Analysis page.