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Metgasco Ltd
(Sydney:MEL)
Metgasco Ltd (MEL) vs. iShares MSCI Australia ETF (EWA)
Metgasco Ltd Business Overview & Revenue Model
Metgasco Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.16M | 2.16M | 2.37M | 475.84K | 0.00 | 0.00 |
| Gross Profit | -12.31K | -177.28K | 1.14M | -286.00K | -861.00 | -1.29K |
| EBITDA | -103.44K | -1.25M | -11.78M | -1.34M | -6.11M | -1.18M |
| Net Income | -3.27M | -3.27M | -13.20M | -1.53M | -6.11M | -1.18M |
Balance Sheet | ||||||
| Total Assets | 9.76M | 9.76M | 9.16M | 18.05M | 17.28M | 7.58M |
| Cash, Cash Equivalents and Short-Term Investments | 1.12M | 1.12M | 880.61K | 642.16K | 3.64M | 731.64K |
| Total Debt | 4.30M | 4.30M | 2.66M | 771.41K | 0.00 | 0.00 |
| Total Liabilities | 12.35M | 12.35M | 9.45M | 6.78M | 6.98M | 683.89K |
| Stockholders Equity | -2.58M | -2.58M | -291.79K | 11.27M | 10.30M | 6.89M |
Cash Flow | ||||||
| Free Cash Flow | -2.79M | -746.97K | -2.33M | -7.56M | -6.13M | -5.54M |
| Operating Cash Flow | -651.81K | -651.81K | -282.74K | -1.37M | 2.85M | -986.92K |
| Investing Cash Flow | -2.01M | -2.01M | -2.05M | -6.19M | -8.81M | -2.41M |
| Financing Cash Flow | 2.90M | 2.90M | 2.57M | 4.56M | 9.03M | 3.80M |
Metgasco Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
51 Neutral | AU$4.11M | ― | -9.49% | ― | -16.79% | -205.26% | |
45 Neutral | AU$4.68M | ― | -30.63% | ― | -32.65% | -66.67% | |
44 Neutral | AU$1.03M | -0.25 | ― | ― | -9.10% | 80.11% | |
44 Neutral | AU$5.12M | -25.00 | -7.32% | ― | ― | 90.70% | |
42 Neutral | AU$6.29M | -1.72 | -1481.88% | ― | ― | 36.96% |
Metgasco Ltd Corporate Events
Metgasco Ltd has announced the resignation of joint company secretary Flynn Blackburn, effective 15 January 2026, leaving Henko Vos as the remaining company secretary. Vos will assume sole responsibility for communications with the ASX on listing rule matters, with the board expressing its thanks to Blackburn, signalling a routine governance change with limited operational impact but ensuring ongoing compliance oversight remains clearly assigned.
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.
Vintage Energy Ltd has confirmed that Metgasco shareholders have approved the sale of Metgasco’s 25% stakes in the Southern Flank joint ventures ATP 2021 and PRL 211 to Vintage, satisfying a key condition of their previously announced sale agreement. Completion of the transaction, which will consolidate Vintage’s interest in these onshore gas ventures and potentially strengthen its production and growth profile, still depends on remaining conditions precedent being 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.
Metgasco shareholders have approved the disposal of the company’s main undertaking at an extraordinary general meeting, passing a resolution to sell its 25% non-operated interests in the Odin and Vali gas field licences to Vintage Energy Ltd. The vote, which showed overwhelming support for the transaction, satisfies the shareholder approval condition in the sale agreement and moves the company a step closer to completing the asset sale, with finalisation now contingent on obtaining ministerial and third‑party consents for the assignment of key petroleum titles and material contracts, potentially reshaping Metgasco’s asset base and strategic focus.
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.
Metgasco Ltd has secured an extension to the repayment date of its convertible loan agreement with Glennon Small Companies Ltd (GC1), pushing the due date back six months from 31 December 2025 to 30 June 2026 on unchanged terms. The extension provides Metgasco with additional financial flexibility and time to meet its obligations under the facility, supporting the company’s capital management and potentially easing short‑term funding pressures as it progresses its energy projects.
The most recent analyst rating on (AU:MEL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Metgasco Ltd has updated the timetable for its planned divestment of its 25% non‑operated interests in the Odin and Vali gas field joint ventures to Vintage Energy Ltd, extending Vintage’s deadline to commit to the acquisition and, if needed, obtain shareholder approval by one month to 31 January 2026. The company confirmed that the final completion date for the transaction remains no later than 31 March 2026 and that its Extraordinary General Meeting will proceed as scheduled on 14 January 2026, signalling continued progress on the asset sale that could reshape its portfolio and capital allocation once completed.
The most recent analyst rating on (AU:MEL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Metgasco Ltd stock, see the AU:MEL Stock Forecast page.
Metgasco Ltd has announced an Extraordinary General Meeting scheduled for January 14, 2026, in Perth, WA. The company is encouraging shareholders to opt for electronic communications to reduce administrative costs, providing access to meeting materials online. This move reflects a broader industry trend towards digital transformation and cost efficiency, potentially impacting shareholder engagement and operational transparency.
Metgasco Ltd has entered into a Petroleum Title Sale Agreement with Vintage Energy Ltd to sell its 25% non-operated interest in the Odin and Vali Gas Fields. The sale, valued at $5.9 million, is subject to shareholder approval and certain conditions, marking a significant shift in Metgasco’s asset portfolio and strategic focus.
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.
Metgasco Ltd has announced a significant change in the director’s interest in securities, specifically involving Michael Glennon. The change is due to a consolidation of capital on a 50 for 1 basis, as approved by shareholders, which has resulted in a reduction of the number of securities held by Mr. Glennon. This adjustment reflects a strategic move by the company to streamline its capital structure, potentially impacting its market positioning and shareholder interests.
Metgasco Ltd, a company listed on the Australian Securities Exchange under the code MEL, has completed a consolidation of its issued capital. The consolidation, approved at the company’s Annual General Meeting, involved converting every fifty shares into one share, affecting both ordinary shares and options. This restructuring aims to streamline the company’s capital structure, with new holding statements dispatched to security holders. Normal trading on a T+2 settlement basis will resume on 9 December 2025.
Metgasco Ltd, an energy company listed on the Australian Securities Exchange, held its Annual General Meeting on November 26, 2025, where several resolutions were passed. Key resolutions included the adoption of the remuneration report, election and re-election of directors, approval of a 10% placement facility, consolidation of capital, and ratification of prior issue of placement shares. All resolutions were carried with significant majority votes, indicating strong shareholder support for the company’s strategic decisions.
Metgasco Ltd has announced the production status of its key projects in the Cooper Eromanga Basin. The Odin Field, which began production in September 2023, has been further expanded with Odin-2 coming online in October 2024. Additionally, the Vali Field has been producing via Vali-1 since February 2023. These developments are significant for Metgasco’s operational growth and position in the energy market, potentially enhancing its production capacity and market presence.
Vintage Energy Limited, an operator in the gas industry, has announced a significant move to reform its Southern Flank joint ventures by acquiring Metgasco’s 25% stakes in ATP 2021 and PRL 211. This strategic acquisition aims to accelerate value creation from the Vali and Odin gas fields, which hold substantial uncontracted gas reserves. Vintage is also considering acquiring Bridgeport’s 25% stakes in the same joint ventures, with plans to introduce new joint venture partners or raise equity capital to fund these transactions. The initiative is expected to enhance Vintage’s market position and operational focus on production and economic returns.
Metgasco Ltd has entered into a conditional agreement to sell its 25% interest in the Odin and Vali Gas Fields to Vintage Energy Ltd. The transaction, valued at $5.9 million, is contingent upon Vintage securing necessary funding and completing a purchase of Bridgeport’s interest in the fields. This sale marks a significant shift in Metgasco’s operations, potentially impacting its market focus and stakeholder engagements. The completion of the transaction is subject to various approvals and conditions, including shareholder and ministerial consents.
Metgasco Ltd has requested a trading halt on its securities as it prepares to make an announcement regarding a potential asset disposal transaction. The halt will remain in effect until either the announcement is made or normal trading resumes on November 18, 2025. This move indicates a significant operational decision that could impact Metgasco’s market position and stakeholder interests.
Metgasco Ltd reported a decrease in sales revenue and production for the quarter ending September 2025, primarily due to interruptions from the Production Uplift Program (PUP) and the absence of liquids liftings. The PUP, aimed at enhancing gas production in the Odin and Vali fields, showed modest improvements, with further results anticipated in the December quarter. The company is also exploring oil prospectivity in ATP2021, with ongoing farm-out discussions. Despite the current challenges, Metgasco is focused on improving production rates and exploring new prospects to enhance its market positioning.