Metgasco Ltd
AASX:MEL0.02
AUD
+0.00
(-11.11%)
ISIN
AU000000MEL7
Return %
Stock
S&P 500
1Y
-89.33
14.20
3Y
-96.18
81.12
5Y
-98.77
68.34
Capital Structure
AUD
•
in mil. unless spec.Working Capital
AUD
•
in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
•
in mil. unless spec.Company Description
- CEO
- Ken Aitken
- Full Time Employees
- 3,000
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 88 William Street Perth WA Australia 6000
- IPO Date
- Nov 19, 2004
- Website
- metgasco.com.au
- Similar Companies
- Business
- Metgasco Limited Metgasco Limited engages in the exploration, appraisal, development, production, and commercialization of oil and gas properties in the Cooper Eromanga Basin across Queensland and South Australia. The company holds a 25% non-operated working interest in the ATP2021 permit in Queensland and the PRL211 permit straddling the Queensland-South Australia border; its principal assets include the producing Vali gas field, discovered in 2020 and operational since February 2023 with three wells (Vali-1 ST1, Vali-2, and Vali-3) supplying gas to AGL Energy under a long-term agreement to December 2026, and the Odin gas field, discovered in 2021 with two wells (Odin-1 and Odin-2) connected to facilities at Moomba for sales gas, LPG, condensate, and ethane delivery to Pelican Point Power through December 2026. Metgasco produces sales gas accounting for 97% of output, alongside associated liquids including LPG and condensate, with net 2P reserves of 6.24 million barrels of oil equivalent (MMboe) or 35.36 petajoules (PJ) of sales gas as of 30 June 2025, primarily uncontracted beyond current deals, and targets oil prospects like the Altar lead in ATP2021 for potential farm-outs. Founded in 1999 and headquartered at Level 3, 88 William Street, Perth, Australia, the company operates through two segments—oil and gas properties, and exploration—while generating revenue from gas sales and pursuing new ventures in the evolving energy sector. In recent developments, Metgasco enters a conditional agreement in November 2025 to sell its 25% interests in the Odin and Vali fields to Vintage Energy Ltd Vintage Energy Ltd for A$5.9 million, subject to funding by 28 December 2025 and Bridgeport's stake acquisition by 26 February 2026; it completes final milestone payments to Beach Energy for an additional 3.75% Odin interest and advances the Production Uplift Program to address scale buildup and enhance Toolachee and Patchawarra formation flows, alongside ongoing strategic review with PAC Partners and debt refinancing options amid A$5.87 million outstanding to Glennon Small Companies Ltd.