Vintage Energy Ltd Acquires Metgasco's Gas Assets
Key points
- Metgasco to sell 25% non-operated interest in Odin and Vali Gas Fields to Vintage Energy
- Transaction target date extended by 1 month to 31 January 2026
- Completion of proposed transaction remains unchanged at 31 March 2026
Full summary
Metgasco Ltd (ASX: MEL) has announced an update on the sale of its 25% non-operated interest in the Odin Gas Field and Vali Gas Field to Vintage Energy Ltd (Vintage) pursuant to a Petroleum Title Sale Agreement dated 12 December 2025. The target date for Vintage's commitment (and, if required, shareholder approval) to the acquisition of Metgasco's interests has been extended by 1 month to 31 January 2026. However, the end date for the completion of the proposed transaction remains unchanged at no later than 31 March 2026. There has been no change to the date for Metgasco's Extraordinary General Meeting to be held on Wednesday, 14 January 2026.
Summary generated by a large language model. Please interpret with care.