• Metgasco secured $5 million in grants from the SA government for drilling wells Odin-3 and Vali-4
• Quarterly sales revenue was $292,450, a 20% decrease from the previous quarter
• Odin Field average gas production was 1.29 MMscfd, while Vali Field was 0.4 MMscfd
• The company is in discussions for potential farm-in and asset acquisition opportunities

Metgasco Ltd's quarterly activities report for the quarter ending June 30, 2026, highlights several key financial and operational updates. The company secured $5 million in grants from the South Australian government for drilling the Odin-3 and Vali-4 appraisal wells. Quarterly sales revenue decreased by 20% to $292,450, primarily due to lower gas production. The Odin Field averaged 1.29 MMscfd, while the Vali Field averaged 0.4 MMscfd. Metgasco also repaid an interest-free loan to Vintage Energy, which resulted in higher production and oil and gas property costs. The company ended the quarter with $1,616,000 in cash and cash equivalents, including $1,250,000 in restricted funds for drilling activities. Metgasco is actively pursuing potential farm-in and asset acquisition opportunities to recapitalize the company.

Metgasco is in active discussions for potential farm-in and asset acquisition opportunities to recapitalize the company.