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METGASCO LTD — Capital/Financing Update 2019
Mar 31, 2019
65313_rns_2019-03-31_c9d5e5a0-6999-4718-885e-00829cb86413.pdf
Capital/Financing Update
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ASX / MEDIA RELEASE
ASX Code: MEL
1 April 2019
Funding of SM74 D14 well AFE confirmed
The Board of Metgasco Ltd ( ASX: MEL ) ( Metgasco , or the Company ) advises that it has recently remitted to SM74 operator, Byron Energy Limited ( ASX: BYE ), USD 4,393,590, being its share of budgeted drilling costs for the SM74 deviated well, representing 40% of the current well AFE (USD $11,419,400) minus amounts billed to date. We plan to update the market on an expected spud date in the near future.
Contact and further information
Metgasco welcomes shareholder communication and invites all interested shareholders to make contact at any time.
ENDS
For further information contact:
Philip Amery Chairman + 61 402 091180 [email protected]
Metgasco Ltd ACN 088 196 383 Level 12, 680 George Street, Sydney NSW 2000 Tel:+61 2 9923 9100 Fax: +61 2 9959 5387 [email protected]
Ken Aitken Chief Executive Officer +61 2 9923 9100 [email protected]