Sale Agreement with Vintage - Updated Timetable
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| Stock | Metgasco Ltd (MEL.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 to sell 25% non-operated interest in Odin and Vali Gas Fields to Vintage
- Target date for Vintage's commitment extended by 31 days to 31 March 2026
- End date for completion of the transaction remains unchanged at 31 March 2026
Full Summary
Metgasco Ltd (ASX: MEL) has announced an updated timetable for 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 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 has stated that this ASX announcement was approved and authorised for release by the Board.
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