22 May 2019
The Board of Metgasco Ltd (Metgasco, or, the Company) is pleased to announce that it has executed a Heads of Agreement with Vintage Energy Ltd (Vintage) in respect of its Cooper/Eromanga Basin asset ATP 2021 with ASX-listed Vintage Energy Ltd (ASX: VE
The joint venture partnership entered into with Vintage provides the following key benefits to Metgasco shareholders:
- Vintage’s team are well regarded by the Metgasco Board and have significant Cooper/Eromanga Basin technical and operational experience;
- The Farm-Out agreement reached secures additional project funding to deliver drilling of at least one exploration well in CY 2019; and
- Metgasco and Vintage have agreed to consider other potential areas of mutual interest.
Philip Amery, Chairman
Phone: +61 402 091180