Metgasco Ltd (AU:MEL) has released an update.
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Metgasco Ltd has reported a significant boost in gas production from the Odin-1 well, with output more than doubling after optimization efforts. The company also announced that the Odin-2 well is expected to start supplying gas by mid-October, which is projected to substantially raise Metgasco’s revenue in the second quarter of FY25. Meanwhile, the Vali-2 well has resumed production at rates consistent with previous performance after a successful sleeve activation.
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