Sale Agreement with Vintage - Updated Timetable
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| Stock | Vintage Energy Ltd (VEN.ASX) |
|---|---|
| Release Time | 2 Mar 2026, 10 a.m. |
| Price Sensitive | Yes |
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Metgasco Announces Updated Timetable for Sale Agreement with Vintage
Key Points
- Metgasco extends target date for Vintage's commitment to acquisition of 25% interests in Odin and Vali Gas Fields
- End date for completion of the proposed transaction remains unchanged at 31 March 2026
- Sale agreement with Vintage announced in December 2025
Full Summary
Metgasco Ltd (ASX: MEL) has announced an update to the timetable for the proposed sale of its 25% non-operated interest in the Odin Gas Field and Vali Gas Field to Vintage Energy Ltd (Vintage). The target date for Vintage's commitment (and, if required, shareholder approval) to the acquisition of Metgasco's interests in the joint ventures has been extended by agreement by a further 31 days to 31 March 2026. However, the end date for the completion of the proposed transaction remains unchanged at no later than 31 March 2026. Metgasco had previously announced the sale agreement with Vintage in December 2025.
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