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METGASCO LTD Capital/Financing Update 2005

Dec 7, 2005

Capital/Financing Update

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8 December 2005

AUSTRALIAN STOCK EXCHANGE Via Electronic Lodgement

Pursuant to ASX Listing Rule 3.10A we advise that the following securities will be released from voluntary escrow on 22 December 2005:

18,267,490 ordinary shares fully paid

By order of the Board

NJV Geddes Company Secretary

For further information contact: Gienda McLoughlin
Chief Financial Officer Metgasco Ltd
Tel: (02) 9923 9100
Fax: (02) 9923 9199

Metgasco Limited Level 3, 32 Walker St North Sydney NSW 2060
Tel: (02) 9923 9100
Fax: (02) 9923 9199 Website: www.metgasco.com.au