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Metgasco Ltd ( (AU:MEL) ) has provided an announcement.
Metgasco Ltd reported a decrease in gas production and sales revenue for the quarter ending June 2025, with total raw gas production from the Odin and Vali fields reaching 100 MMscf in May, the highest since January 2025. Despite a 4% drop in sales revenue compared to the previous quarter, the company initiated a Production Uplift Program aimed at enhancing production, sales, and cash generation. The program is expected to positively impact the company’s financial performance in the upcoming quarter, supported by funds raised through a shareholder entitlement offer.
More about Metgasco Ltd
Metgasco Ltd is involved in the energy sector, focusing on the production and sale of natural gas and related products. The company operates primarily in the Odin and Vali gas fields, where it engages in the extraction and sale of raw gas, ethane, LPG, and condensate.
Current Market Cap: A$3.67M
Learn more about MEL stock on TipRanks’ Stock Analysis page.