Fro today's announcement:Ken Aitken, Metgasco Managing Director,...

Fro today's announcement:

Ken Aitken, Metgasco Managing Director, commented:
“The independent certification of a significant increase in the Odin gas field resources is a great outcome
and confirms another sizeable gas discovery, circa 7km from the CY2020 Vali field gas discovery. Odin1 has conventional gas flow potential in the Toolachee and Epsilon reservoirs which are under
consideration to be tested to assist future appraisal planning and conversion of Contingent Resources
to Reserves. The successes to date validates Metgasco’s “string of pearls” thesis, with more exploration
success anticipated within both licences in the future. Excellent results from Odin-1 and the appraisal
drilling of Vali-2 & 3 provide confidence that both fields should be producing gas into the high price East
coast gas market in CY2022 and delivering significant production revenue to Metgasco for decades.”