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An announcement from Vintage Energy Ltd. ( (AU:VEN) ) is now available.
Metgasco Ltd has entered into a conditional agreement to sell its 25% non-operated interest in two gas fields located in the Cooper Eromanga Basin to Vintage Energy Ltd. This transaction is contingent upon Vintage securing necessary funding and acquiring an additional interest from Bridgeport. The sale, valued at $5.9 million, includes Metgasco’s participating interests and associated liabilities, with completion subject to shareholder and ministerial approvals. The agreement also includes provisions for a break fee and exclusivity arrangements, highlighting its strategic importance to Metgasco’s operations.
More about Vintage Energy Ltd.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.35M
See more data about VEN stock on TipRanks’ Stock Analysis page.