Metgasco Revises Timeline for Sale of Gas Field Interests to Vintage Energy.

Metgasco Ltd (ASX: MEL) has provided an update on the proposed divestment of its 25 percent non-operated stake in the Odin and Vali Gas Fields to Vintage Energy Ltd. The transaction is being carried out under a Petroleum Title Sale Agreement signed in December 2025 and forms part of the Company’s previously announced asset sale plan.

The Company stated that the deadline for Vintage Energy to confirm its commitment to the acquisition, including obtaining shareholder approval if necessary, has been extended by 31 days. The revised target date is now 31 March 2026. However, the overall completion deadline for the transaction remains unchanged and is still expected to be finalised by no later than 31 March 2026. The announcement has been authorised by the Board, reflecting continued progress toward completing the asset sale under the updated schedule.

 

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