Ken Aitken, Metgasco Chief Executive Officer, commented:“Metgasco believes Odin-1 may well be an important Cooper Basin gas discovery, with further upside connected reservoir potential to be investigated around the Strathmount-1 well. The recovery of a gas sample from a wireline conveyed testing tool in the Toolachee and Epsilon formations indicates conventional production upside potential in the Odin-1 well. Metgasco’s decision to farm-in to the PRL211 licence in late 2019 has been well rewarded by discovering gas in three reservoirs at Odin-1. We look forward with increasing confidence towards developing substantial gas production across the PRL211 and ATP2021 Licences.”
MEL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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