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The latest announcement is out from Metgasco Ltd ( (AU:MEL) ).
Vintage Energy Ltd, in collaboration with Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd, has reported on the initial results of its Production Uplift Program at the Odin and Vali gas fields. The program, which commenced in July after flooding in the Cooper Basin, aims to enhance gas production by addressing scale accumulation in wells. Phase 1 of the program has been completed, with significant scale removal at Odin-1, Odin-2, and Vali-1, leading to increased production rates. The program remains on budget, and the company is optimistic about further improvements in production and long-term performance. Phase 2 is set to begin in September, focusing on further scale management and production optimization.
More about Metgasco Ltd
Current Market Cap: A$3.67M
Learn more about MEL stock on TipRanks’ Stock Analysis page.