Metgasco Ltd (AU:MEL) has released an update.
Vintage Energy Ltd has commenced drilling of the Odin-2 appraisal well, aiming to further assess the gas reserves in the Odin field, following the success of the Odin-1 well. The well, which is expected to reach a total depth of 3,156 metres within 3-4 weeks, will test multiple gas-bearing formations, with the ambition to expedite gas production upon successful appraisal. The company has committed to providing weekly progress updates starting 21 May 2024.
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