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An update from Metgasco Ltd ( (AU:MEL) ) is now available.
Metgasco Ltd announced that its Odin and Vali gas fields achieved their highest monthly gas production since January 2025, with a total of 100 MMscf in May 2025. This increase is attributed to operational measures implemented ahead of the Production Uplift Program, which aims to further enhance production through various initiatives. The program is expected to commence in mid-July and is designed to significantly boost production and revenue, addressing the undersupplied East Coast Gas market.
More about Metgasco Ltd
Metgasco Limited (ASX:MEL) is an onshore Australia-focused oil and gas exploration and production company with 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 from long-term gas contracts with blue-chip customers. Metgasco is committed to growing its business through acquiring additional assets and exploring new business areas.
Current Market Cap: A$3.41M
See more data about MEL stock on TipRanks’ Stock Analysis page.