• Odin and Vali fields production updates
• Production Uplift Program commenced to improve gas production
• Exploration activities and farm-out discussions on oil prospect in ATP2021

Metgasco's quarterly activities report for the period ended 30 September 2025 highlighted the following key points:Odin & Vali Fields:- Odin field average online gross raw gas production was 2.16 MMscfd, while Vali field average online gross raw gas production was 0.58 MMscfd.- The Production Uplift Program (PUP) commenced in July, confirming the presence of scale in Odin 1 and 2 which was subsequently treated, improving production.- The second phase of the PUP program started in September with work ongoing, with completion deferred to November due to equipment availability.Revenue and Sales:- Sales revenue of $451,400, 24% down from the previous quarter, due to lower gas production affected by the PUP activities.- Production of 0.04PJe, 20% down from the previous quarter.Exploration Activities:- The joint venture has progressed sub-surface work on oil prospectivity in ATP2021 and identified a suitable prospect, with farm-out discussions underway.Reserves and Resources:- Financial year-end reserves of 6.24 MMboe including 35.36 PJ of 2P sales gas, largely unchanged from the previous year.The company continues to focus on improving production through the PUP program and advancing exploration activities in ATP2021.

The company looks forward to reporting progress on the completion of the Vali phase 2 work in the December quarter.