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An announcement from Metgasco Ltd ( (AU:MEL) ) is now available.
Vintage Energy Ltd, in collaboration with Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd, is progressing with the second phase of its Production Uplift Program in the Southern Flank gas fields, focusing on the Toolachee Formation in the Vali gas field. The interim results indicate some gas flow from the Toolachee Formation, though stable production has not yet been established. The Vali-2 well shows promising signs of increased gas flow once residual liquids are cleared, while Vali-3 is preparing for further dewatering operations. Production from the Southern Flank fields continues at a rate of 2.4 MMscf/d, with Odin contributing significantly.
More about Metgasco Ltd
Current Market Cap: A$4.59M
For detailed information about MEL stock, go to TipRanks’ Stock Analysis page.