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Metgasco Ltd ( (AU:MEL) ) has provided an announcement.
Vintage Energy Ltd has confirmed that Metgasco shareholders have approved the sale of Metgasco’s 25% stakes in the Southern Flank joint ventures ATP 2021 and PRL 211 to Vintage, satisfying a key condition of their previously announced sale agreement. Completion of the transaction, which will consolidate Vintage’s interest in these onshore gas ventures and potentially strengthen its production and growth profile, still depends on remaining conditions precedent being met.
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
Vintage Energy Ltd is an Australian-listed energy company focused on exploration and development of oil and gas assets, including joint venture interests in onshore permits such as ATP 2021 and PRL 211, where it partners with Metgasco Limited in the Southern Flank projects.
Average Trading Volume: 88,188
Technical Sentiment Signal: Sell
Current Market Cap: A$1.03M
See more data about MEL stock on TipRanks’ Stock Analysis page.