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Metgasco Ltd ( (AU:MEL) ) has issued an announcement.
Vintage Energy Limited has entered into a formal Sale Agreement with Metgasco Limited to acquire Metgasco’s 25% stakes in the Southern Flank gas joint ventures ATP 2021 and PRL 211. The transaction, valued at $5.9 million, is contingent upon certain conditions being met, which were outlined in a previous announcement. This acquisition is expected to enhance Vintage Energy’s position in the gas industry by expanding its interests in strategic joint ventures.
More about Metgasco Ltd
Average Trading Volume: 168,066
Technical Sentiment Signal: Sell
Current Market Cap: A$1.03M
For an in-depth examination of MEL stock, go to TipRanks’ Overview page.