EXPLORATION

Metgasco takes Gulf gamble

WHILE Metgasco has not completely ruled out a capital return to shareholders later this year, the company that was chased out of New South Wales has decided to take the money it gained from the sale of its CSG projects near Casino and place a bet on the more welcoming US Gulf of Mexico.

Haydn Black

The Sydney-based company has inked a heads of agreement with fellow junior Byron Energy that will see Metgasco acquire an indirect interest in South Marsh Island Block 71, where Byron and Otto Energy recently...

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