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An update from Metgasco Ltd ( (AU:MEL) ) is now available.
Vintage Energy Ltd, in collaboration with Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd, has commenced its Production Uplift Program at the Odin and Vali gas fields. This initiative aims to enhance gas production through various measures, including addressing potential scale accumulation and optimizing production intervals. The program is expected to significantly increase raw gas production, with operations scheduled to conclude by early September. The gas produced is sold under long-term contracts to the south-east Australian energy market, potentially strengthening the company’s market position.
More about Metgasco Ltd
Current Market Cap: A$4.58M
For detailed information about MEL stock, go to TipRanks’ Stock Analysis page.