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Metgasco Ltd ( (AU:MEL) ) has provided an update.
Metgasco has agreed to sell its 25% non-operated interests in the Odin and Vali gas fields for $5.9 million, a disposal of its main undertaking that was approved by shareholders in January 2026 and is expected to complete in the March quarter, after which the company will have no substantial operating assets and is actively reviewing new business opportunities to rebuild the business. Operationally, the December 2025 quarter was marked by disappointing results from the second phase of its Production Uplift Program, lower gas output from Odin and Vali, and a 13% quarter‑on‑quarter decline in sales revenue to $391,600 on a 25% drop in production, underscoring the strategic rationale for the asset sale and the company’s focus on strengthening liquidity and resetting its future direction.
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 oil and gas producer with non-operated interests in the Odin and Vali gas fields, focused on sales of natural gas, LPG and condensate into the domestic energy market. The company has traditionally generated revenue from its share of production and sales volumes from these Cooper Basin assets, but is now repositioning as it prepares to exit its main producing interests.
Average Trading Volume: 118,513
Technical Sentiment Signal: Sell
Current Market Cap: A$955.3K
For an in-depth examination of MEL stock, go to TipRanks’ Overview page.