Metgasco has received $25 million and the refund of $430,000 in bonds from the NSW Government for the buy-back of its three NSW exploration licences.
As part of the settlement, PEL 13 and PEL 16 have been cancelled, Metgasco has withdrawn its renewal application for PEL 426 and for a production licence (PPLA 9).
It has also formally withdrawn from court action.
The company expects to end the year with $31 million.""
Cheers everyone
MEL Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
