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An update from Metgasco Ltd ( (AU:MEL) ) is now available.
Metgasco shareholders have approved the disposal of the company’s main undertaking at an extraordinary general meeting, passing a resolution to sell its 25% non-operated interests in the Odin and Vali gas field licences to Vintage Energy Ltd. The vote, which showed overwhelming support for the transaction, satisfies the shareholder approval condition in the sale agreement and moves the company a step closer to completing the asset sale, with finalisation now contingent on obtaining ministerial and third‑party consents for the assignment of key petroleum titles and material contracts, potentially reshaping Metgasco’s asset base and strategic focus.
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 is an Australian-listed energy company with interests in gas exploration and production, including non-operated stakes in the Odin and Vali gas fields. The company participates in upstream gas assets through joint venture arrangements, focusing on monetising and rationalising its portfolio in the Australian petroleum sector.
Average Trading Volume: 88,188
Technical Sentiment Signal: Sell
Current Market Cap: A$1.03M
Find detailed analytics on MEL stock on TipRanks’ Stock Analysis page.