Sale of Metgascos Asset Interests to Vintage Energy
Metgasco Ltd (ASX: MEL) has entered a conditional Heads of Agreement with Vintage Energy to divest its 25% non-operated interests in the Odin and Vali gas fields within the Cooper-Eromanga Basin. The agreement, dated 17 November 2025, outlines Vintage’s intention to acquire Metgasco’s participating interests in PRL 211, ATP 2021, PPL 2070 and Special Facilities Licence 16 for AU$5.9 million, subject to adjustments. The proposed transaction is conditional on Vintage securing funding by 28 December 2025 and completing its purchase of Bridgeport’s 25% interest by February 2026. If completed, title and risk will transfer effective 1 December 2025.
Vintage will assume all related joint-venture rights and liabilities, including Metgasco’s remaining AU$3.39 million AGL gas prepayment obligation. Vintage will also cover Metgasco’s December 2025 to January 2026 cash calls (approximately AU$260,000) and, if required, February 2026 obligations (about AU$120,000) through an interest-free loan refundable only if the transaction does not proceed. The sale requires shareholder approvals, ministerial consents and key third-party agreements. Proceeds will retire Metgasco’s debt to GSCL, after which the Company will have no substantial operations and will seek new assets within six months to maintain ASX listing compliance.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Sale of Metgascos Asset Interests to Vintage Energy
Metgasco Ltd (ASX: MEL) has entered a conditional Heads of Agreement with Vintage Energy to divest its 25% non-operated interests in the Odin and Vali gas fields within the Cooper-Eromanga Basin. The agreement, dated 17 November 2025, outlines Vintage’s intention to acquire Metgasco’s participating interests in PRL 211, ATP 2021, PPL 2070 and Special Facilities Licence 16 for AU$5.9 million, subject to adjustments. The proposed transaction is conditional on Vintage securing funding by 28 December 2025 and completing its purchase of Bridgeport’s 25% interest by February 2026. If completed, title and risk will transfer effective 1 December 2025.
Vintage will assume all related joint-venture rights and liabilities, including Metgasco’s remaining AU$3.39 million AGL gas prepayment obligation. Vintage will also cover Metgasco’s December 2025 to January 2026 cash calls (approximately AU$260,000) and, if required, February 2026 obligations (about AU$120,000) through an interest-free loan refundable only if the transaction does not proceed. The sale requires shareholder approvals, ministerial consents and key third-party agreements. Proceeds will retire Metgasco’s debt to GSCL, after which the Company will have no substantial operations and will seek new assets within six months to maintain ASX listing compliance.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au