Great announcement main points:A lot to look forward this year.
- significant milestone for Metgasco and achieves our goal of pivoting from being an explorer to becoming a gas producer
- maiden revenue to assist funding future business growth
- Vali as a significant new gas field with gross 101 PJ gas reserves
- The Vali production hub infrastructure will deliver gas for the JV for decades to come
- Metgasco can deliver significant value by leveraging its uncontracted Reserves and Resources
- The field, among the larger gas discoveries in the Cooper Basin in the past decade
- The understanding acquired over the first 6–9 months of production will inform the preparation of a full field development plan.......profile of a future expanded gas supply
- Work to bring Vali-3 then Vali-2 to commissioning is continuing. Current expectations are for first gas from Vali-3 in early March and from Vali-2 later in that month
- Work on connecting the nearby Odin gas field to market has been advancing. The Fiberspar pipe to connect the field to the Vali-Beckler pipeline has been laid
- Supply from Odin through the interim accelerated connection is projected to be possible in the third quarter of calendar 2023.
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- Ann: Vali First Gas Production
Ann: Vali First Gas Production, page-12
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