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METGASCO LTD Capital/Financing Update 2024

May 20, 2024

65313_rns_2024-05-20_026ef45f-7fc5-447c-a373-dd79bf32ac37.pdf

Capital/Financing Update

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21 May 2024

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ASX Release

Odin-2 appraisal well update

Vintage Energy Ltd (ASX: VEN, “Vintage”), 50% interest-holder and Operator of the ATP 2021 Joint Venture (other interest-holders: Metgasco Ltd, 25%; and Bridgeport (Cooper Basin) Pty Ltd, 25%) provides the following progress update on the Odin-2 appraisal well which spudded 15 May 2024.

At 06:00 AEST today the well was drilling 8-1/2” main hole at 2,051m MDRT in the Poolowanna Formation.

Odin-2 has a prognosed total depth of 3,156m MDRT and is expected to take approximately 3-4 weeks to drill and run wireline logs.

Odin-2 is located 1.1 km north-east of the gas producing Odin-1 discovery well and will appraise the Toolachee, Epsilon and Patchawarra reservoirs of the Odin gas field, discovered in May 2021.

This release has been authorised on behalf of Vintage Energy Ltd by Mr. Neil Gibbins, Managing Director.

For more information contact: