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An update from Metgasco Ltd ( (AU:MEL) ) is now available.
Vintage Energy has extended by 28 days, to 28 February 2026, the target date for committing to acquire Metgasco’s 25% interests in the Southern Flank gas joint ventures, while keeping the final completion deadline unchanged at 31 March 2026. As part of the revised timetable, Vintage will fund Metgasco’s February 2026 cash call obligations under the joint operating agreements via an interest-free loan that will be forgiven if the transaction completes, but must be repaid within six weeks of any termination, a move that provides interim financial support to Metgasco while preserving Vintage’s flexibility if deal conditions, including funding, are not 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
Metgasco Ltd is an Australian energy company participating in Southern Flank gas joint ventures alongside Vintage Energy, focusing on upstream gas exploration and production interests in Australia’s onshore gas sector.
Average Trading Volume: 118,513
Technical Sentiment Signal: Sell
Current Market Cap: A$955.3K
For a thorough assessment of MEL stock, go to TipRanks’ Stock Analysis page.