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	Metgasco (ASX:MEL) the White Knight to alleviate East-Coast Energy Crisis

It’s no secret that the East Coast natural gas market has been in turmoil lately, and the security of supply has become a major issue. So it will no doubt come as a relief to many east coast gas consumers thatMetgasco (ASX:MEL) and its joint venture partners “are well on the pathway to start production” in the form of up to gross 12 million standard cubic feet per day (MMscfd) of raw gas before the end of this calendar year.

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The Cooper Basin – a “String of Pearls” The Vali field will begin producing commercial quantities of gas by Q4 2022 and is expected to quickly rise to its peak of up to a gross of 12 million cubic feet per day (MMcfd) from three wells. The field has an assumed life of 30 years. The JV has now completed three production wells (Vali-1 ST1, Vali-2, Vali-3 a) and all are ready for connection and gas production. Work is underway on the construction of the pipeline and the necessary production facilities. Commissioning of all three Vali wells will proceed through November 2022, with first gas on schedule for delivery in October. With the scene set and the pathway to production clearly laid out; Metgasco is one horse tipped to win the race. Read the full report on The Market Herald