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Quarterly activities report, 31 Dec 2012

The December 2012 quarter was eventful and positive for Metgasco, with the completion of a successful fundraising and the re-commencement of field activity.

The highlights of the quarter were

• completion of 32 line kilometres of 2D seismic;

• completion of civil works in preparation for the drilling of the Thornbill E04 well;

• continued progress with plans for the West Casino Gas Project; and

• the placement of new shares via a Share Purchase Plan (SPP), raising $10 million to fund the company’s ongoing work programme.

With large uncontracted 2P coal seam gas (CSG) reserves on the East Coast of Australia, substantial conventional gas potential, a successful placement and SPP, and a NSW Government that is supportive of CSG development to address looming demand/supply imbalances and create new jobs, Metgasco is well positioned to execute its growth strategy

CONTACT US

North Sydney Office
Level 3, 2 Elizabeth Plaza
North Sydney NSW 2060

Tel: +61 2 9923 9100
Fax: +61 2 9959 5387

Metgasco Ltd  ACN 088 196 383