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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% | |
53 Neutral | AU$4.11M | 5.26 | -9.49% | ― | -16.79% | -205.26% | |
40 Underperform | AU$4.94M | ― | -7.32% | ― | ― | 90.70% | |
36 Underperform | $3.12M | ― | -30.63% | ― | -32.65% | -66.67% | |
34 Underperform | AU$5.83M | ― | -265.27% | ― | -9.10% | 79.65% | |
23 Underperform | AU$2.81M | ― | ― | ― | ― | ― | |
22 Underperform | AU$7.07M | ― | -1481.88% | ― | ― | 36.96% |
Metgasco Ltd Corporate Events
Metgasco Ltd reported a decrease in gas production and sales revenue for the quarter ending June 2025, with total raw gas production from the Odin and Vali fields reaching 100 MMscf in May, the highest since January 2025. Despite a 4% drop in sales revenue compared to the previous quarter, the company initiated a Production Uplift Program aimed at enhancing production, sales, and cash generation. The program is expected to positively impact the company’s financial performance in the upcoming quarter, supported by funds raised through a shareholder entitlement offer.
Metgasco Ltd has issued 4,500,000 fully paid ordinary shares as part of a small-scale offer, raising $9,000. This move aligns with the company’s strategy to leverage section 708A of the Corporations Act 2001 for disclosure requirements, ensuring compliance with relevant legislative provisions and maintaining transparency with stakeholders.
Metgasco Ltd has announced the issuance of 4,500,000 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code MEL. This issuance is part of a previously announced transaction, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with its growth strategy.
Metgasco Ltd has announced a proposed issue of 4,500,000 ordinary fully paid securities, with the issuance date set for July 21, 2025. This move is part of a placement or another type of issue, and the company is seeking quotation of these securities on the ASX, which could potentially enhance its market presence and provide additional capital for its operations.
Vintage Energy Ltd, in collaboration with Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd, has commenced its Production Uplift Program at the Odin and Vali gas fields. This initiative aims to enhance gas production through various measures, including addressing potential scale accumulation and optimizing production intervals. The program is expected to significantly increase raw gas production, with operations scheduled to conclude by early September. The gas produced is sold under long-term contracts to the south-east Australian energy market, potentially strengthening the company’s market position.
Metgasco Ltd has announced that Gregory Norman Peters has become a substantial holder in the company, acquiring a 6.30% voting power through the purchase of 115,500,000 ordinary shares. This acquisition, completed on June 13, 2025, signifies a notable investment in Metgasco, potentially impacting its shareholder dynamics and future strategic decisions.
Metgasco Ltd has announced a significant change in the director’s interest, with Michael Glennon acquiring a substantial number of fully paid ordinary shares through participation in an Entitlement Offer and allocation of shortfall securities. This acquisition increases Glennon’s total shareholding, potentially strengthening his influence within the company and indicating confidence in Metgasco’s future prospects. Such changes in director interests can impact stakeholder perceptions and may influence the company’s strategic direction.
Metgasco Ltd has announced a change in the substantial holding of its shares by Glennon Small Companies Limited. Glennon Small Companies Limited increased its voting power from 15.49% to 20.04% through the acquisition of additional ordinary shares via an entitlement offer and a shortfall arrangement. This change in substantial holding reflects a significant increase in Glennon’s stake in Metgasco, potentially impacting the company’s shareholder dynamics and influencing future corporate decisions.
Metgasco Ltd has announced the application for the quotation of 125,702,845 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a transaction previously announced to the market, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with the company’s securities.
Metgasco Ltd announced that its Odin and Vali gas fields achieved their highest monthly gas production since January 2025, with a total of 100 MMscf in May 2025. This increase is attributed to operational measures implemented ahead of the Production Uplift Program, which aims to further enhance production through various initiatives. The program is expected to commence in mid-July and is designed to significantly boost production and revenue, addressing the undersupplied East Coast Gas market.
Metgasco Ltd announced the results of its partially underwritten entitlement offer, raising approximately $750,000 through the issuance of new shares. This capital will support the company’s Production Uplift Program aimed at increasing production in the Odin and Vali wells, enhancing Metgasco’s operational capabilities and market positioning. The involvement of PAC Partners as partial underwriter and shareholder support were crucial to the success of this funding initiative.
Metgasco Ltd has announced the quotation of 249,297,154 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is likely to enhance the company’s liquidity and market presence, potentially impacting its operational capabilities and offering new opportunities for stakeholders.
Metgasco Ltd has announced the appointment of Thomas Chapman as a new director, effective June 3, 2025. The initial director’s interest notice reveals that Chapman currently holds no relevant interests in securities, which may indicate a neutral impact on the company’s immediate financial strategies or stakeholder interests.
Metgasco Ltd has appointed Mr. Tom Chapman as an independent Non-Executive Director, bringing over 35 years of experience in the upstream energy sector. His expertise in reservoir management and production engineering will support the company’s ongoing production optimization and exploration activities, potentially enhancing its operational efficiency and strategic growth.
Metgasco Ltd has announced an update regarding its proposed issue of securities, with key dates for the offer closing and trading commencement outlined. This move is part of a non-renounceable pro-rata issue, which could impact the company’s market operations and stakeholder interests by potentially increasing its capital base.
Metgasco Ltd has announced an extension to the closing date of its entitlement offer by four business days, now set for June 10, 2025, to allow shareholders additional time for applications. The offer aims to raise up to $750,000, and the underwriting agreement has been adjusted to increase the maximum underwritten amount to $436,000, representing 58.13% of the new shares, enhancing the company’s financial strategy and stakeholder engagement.
Metgasco Ltd has announced an update regarding the proposed issue of securities, with key dates for the offer closing, trading commencement, and settlement outlined. The announcement indicates a non-renounceable pro-rata issue, which is a strategic move to potentially strengthen the company’s financial position and enhance its market operations.
Metgasco Ltd has announced an extension to the closing date for its entitlement offer, allowing shareholders additional time to participate. The offer aims to raise up to $750,000 and the new deadline is set for June 3, 2025. This extension may impact shareholder participation and the company’s capital raising efforts.
Metgasco Ltd is hosting an investor webinar to discuss the Uplift Project, which aims to enhance production efficiency in the Odin and Vali fields. The company has also launched a partially underwritten shareholder entitlement offer to raise approximately $750,000, primarily to fund the Uplift Project, with Managing Director Ken Aitken leading the presentation and Q&A session.
Metgasco Ltd has announced a variation to its underwriting agreement related to a proposed non-renounceable pro rata issue of securities. This update, following a previous announcement, reflects the company’s strategic financial maneuvers to potentially strengthen its capital structure and market presence.
Metgasco Ltd has announced the dispatch of its Offer Booklet for a partially underwritten non-renounceable entitlement offer aimed at raising up to $750,000. The underwriting agreement has been adjusted to increase the maximum underwritten amount to $411,000. This move is expected to enhance Metgasco’s financial position and support its ongoing operations and strategic growth within the oil and gas industry.
Metgasco Ltd has announced a non-renounceable entitlement offer to its eligible shareholders, allowing them to purchase one new share for every 3.89 shares held at an issue price of $0.002 per share. This offer aims to raise approximately $0.75 million, which will support the company’s ongoing operations and strategic initiatives. The offer is partially underwritten, indicating a level of confidence in its success, although it comes with inherent investment risks and uncertainties.
Metgasco Ltd has announced a partially underwritten pro-rata non-renounceable entitlement offer to raise approximately $750,000 by offering one new share for every 3.89 existing shares. The offer is structured to avoid a significant change in company control, but if shareholders do not exercise their entitlements, there could be a material change in control due to underwriting arrangements, particularly involving Glennon Small Companies Limited, a substantial shareholder.
Metgasco Ltd has announced a proposed issue of up to 375,000,000 fully paid ordinary securities as part of a non-renounceable pro rata offer. This move is aimed at raising capital to support the company’s ongoing projects and operations, potentially enhancing its market position and providing value to its stakeholders.
Metgasco Ltd has announced a partially underwritten entitlement offer to raise up to $750,000, aimed at funding a Production Uplift Program. This initiative seeks to increase gas production from the Odin and Vali fields by addressing scale management and expanding production to the Toolachee Formation. The offer allows eligible shareholders to purchase new shares, with funds allocated to production enhancement, working capital, and covering offer costs. The move is expected to bolster Metgasco’s operational capacity and potentially improve its market position.
Metgasco Ltd has requested a trading halt on its securities pending an announcement about a proposed capital raising. This move is intended to ensure an orderly market and provide clarity to stakeholders, with the halt expected to last until the announcement is made or until normal trading resumes on May 9, 2025.