AI assistant
METGASCO LTD — Board/Management Information 2018
Jan 31, 2018
65313_rns_2018-01-31_ee6a3ba8-09a7-4661-81b7-d64e033e5509.pdf
Board/Management Information
Open in viewerOpens in your device viewer
==> picture [265 x 38] intentionally omitted <==
ASX / MEDIA RELEASE
ASX Code: MEL
1 February 2018
NOTICE RECEIVED UNDER SECTION 203D OF THE CORPORATIONS ACT
Metgasco Ltd ( Metgasc o) (ASX:MEL) advises that it has received a notice from Mr Alexander Lang, Mr Philip Amery and Mr John Patton, being directors of the Company, under section 203D of the Corporations Act 2001 (Cth), of their intention to call a meeting of members pursuant to clause 68.1 of the Company’s Constitution and section 249CA of the Corporations Act to put the following ordinary resolution for removal of a director:
“That Andrew Purcell be removed as a director of the Company with immediate effect.”
The Company will keep shareholders advised of the next steps.
ENDS
About Metgasco:
Metgasco is presently pursuing new opportunities in the Oil & Gas sector. It holds an interest, via a secured production development funding facility, equity options and participation rights, in U.S Gulf of Mexico company Byron Energy Limited (ASX:BYE). Metgasco holds a 10% (non-operating) farmed-in interest in Byron’s Bivouac Peak Louisiana hydrocarbon project with a planned initial well testing a Gross prospective resource of 32,270 Mboe in addition to farm-in rights in relation to Byron’s Gulf of Mexico portfolio. Aside from its $6.0 million secured receivable noted above, Metgasco holds cash and cash equivalent investments of approximately A$5.8 million.
For further information contact: Metgasco Ltd ACN 088 196 383 Alexander Lang Level 12, 680 George Street, Sydney, NSW 2000 Executive Chairman Tel:+61 2 9923 9100 Fax: +61 2 9959 5387 [email protected] Web: www.metgasco.com.au