Metgasco Ltd · ASX:MEL
Metgasco — Shareholder Meeting (November 2025)
9 slides from Metgasco's shareholder meeting presentation, Nov 26, 2025
Slide 1: AGM Presentation
Cooper Eromanga Basin AGM Presentation 26 November 2025 Odin Field via Odin-1 Vali Field on producing since Sept production via Vali-1 CY23 . Odin-2 online since February CY23 October CY24
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation is being provided for the sole purpose of providing the recipients with background information about Metgasco Ltd (Metgasco) which is current only at the date of this presentation. No representation, express or implied, is made as to the fairness, ac
Slide 3: Since Last AGM 2024
Since Last AGM 2024…. 36% decline(see chart) Odin-2 raw gas rate Gas Production Decline resulting in decline of circa 2.5 MMscfd (Oct 24- Jan 25) negative MEL operating cash flow* Sept 25 Operating Cash flow loss of $188k June 25 Operating Cash flow loss of $53k PUP program targeting uplift in raw g
Slide 4: Rationale for the Proposed Asset Sale
Rationale for the Proposed Asset Sale Unable to achieve objective of increasing production revenue to pay debt and target self- sustained staged further appraisal/exploration drilling • Phase 1 PUP increment of 0.4MMscfd well below anticipated uplift gas rates Production Uplift Program has not yet d
Slide 5: Conditional HoA signed with Vintage on 17 November
Conditional HoA signed with Vintage on 17 November * Subject to shareholder approval – Sell 25% non-operated interest in the ATP2021 and PRL211 Licences including the Vali and Odin gas producing fields to Vintage (VEN) for consideration of $5.9 Million and transfer of AGL gas pre-payment liability P
Slide 6: Future Business Outlook
Future Business Outlook Opportunity to re-new business strategy as debt free business seeking new Oil and Gas assets If the Proposed Transaction proceeds to completion, the company will not have any substantial business operations or assets . Accordingly the company will/is seeking to identify and a
Slide 7: Metgasco Cooper Basin Exploration Joint Gazettal Application
Metgasco Cooper Basin Exploration Joint Gazettal Application Metgasco has submitted a joint bid for an exploration gazettal application to the Queensland Government for PLR 2025-1-4 for a 33% interest alongside bid consortium partner Vintage Energy Limited 67% * Gazettal Licence is directly adjacent
Slide 8: Share Consolidation
Share Consolidation The purpose of the 50 to 1 share consolidation is to implement a more appropriate capital structure for the company Action Date Company announces Consolidation. 28-Oct-25 Company sends out the Notice of Meeting. 28-Oct-25 Company announces Effective Date of Consolidation. Shareho
Slide 9: Contact Info
Contact Info: Ken Aitken Metgasco Ltd ACN 088 196 383 Managing Director Level 3, 88 William Street Perth, WA 6000 + 61 8 9463 2463 +61 8 9463 2463 ken. aitken @metgasco.com.au info@metgasco.com.au www.metgasco.com.au