Metgasco Extends Sale Agreement Timeline with Vintage Energy.

Metgasco Ltd (ASX: MEL) has provided an update regarding its sale of a 25% non-operated interest in the Odin and Vali Gas Fields to Vintage Energy Ltd. The target date for Vintage’s commitment to the acquisition, including any necessary shareholder approval, has been extended by 28 days to 28 February 2026. As part of the agreement, Vintage will cover Metgasco’s cash call obligations for February 2026, in addition to those for December 2025 and January 2026, through an interest-free loan. This loan will be forgiven if the transaction is completed. Should the sale not proceed, the loan will become repayable within six weeks from the termination of the Sale Agreement. The final completion date for the transaction remains unchanged, with the deal to be completed no later than 31 March 2026. This extension ensures both parties are aligned with the updated timeline for the proposed transaction.

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