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Vintage Energy Ltd (ASX:VEN)

ALERT: Price-sensitive ASX Announcement for VEN
Current share price for VEN : $0.002 -0.002 (-50%)+
Announcement
Release
23 Dec 2025 9:53AM
Price at Release
$0.004
Full Release
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Summary
Metgasco Ltd, trading as MEL on the ASX, announced an updated timetable for the sale of its 25% non-operated interest in the Odin and Vali Gas Fields to Vintage Energy Ltd. The target date for Vintage to commit to the acquisition, which may also require shareholder approval, has been extended by one month to 31 January 2026. However, the completion deadline of the transaction remains set for no later than 31 March 2026. The Extraordinary General Meeting of Metgasco is scheduled for 14 January 2026. This transaction is part of a Sale Agreement aimed at divesting Metgasco's stake in these gas field licences.
Key Points
  • Metgasco Ltd extends the commitment deadline for Vintage Energy by one month to 31 January 2026.
  • The completion date for the transaction remains unchanged at 31 March 2026.
  • Metgasco's Extraordinary General Meeting is scheduled for 14 January 2026.
  • The transaction involves the sale of a 25% interest in the Odin and Vali Gas Fields.
  • The agreement is part of Metgasco's strategy to divest its non-operated interests.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.