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Metgasco Ltd ( (AU:MEL) ) has shared an announcement.
Metgasco Ltd has entered into a Petroleum Title Sale Agreement with Vintage Energy Ltd to sell its 25% non-operated interest in the Odin and Vali Gas Fields. The sale, valued at $5.9 million, is subject to shareholder approval and certain conditions, marking a significant shift in Metgasco’s asset portfolio and strategic focus.
More about Metgasco Ltd
Metgasco Ltd is a company operating in the energy sector, focusing on the exploration and development of petroleum resources. The company holds interests in various gas fields, including the Odin and Vali Gas Fields.
Average Trading Volume: 168,066
Technical Sentiment Signal: Sell
Current Market Cap: A$1.03M
For an in-depth examination of MEL stock, go to TipRanks’ Overview page.