Metgasco Ltd (AU:MEL) has released an update.
Metgasco Ltd is set to bolster gas production and cash flow with a capital raising effort aimed at securing $2.5 million for the drilling of Odin-2, following the successful commencement of gas production from Odin-1 and Vali-1. The capital raised will strategically enhance the company’s growth in the energy sector, amidst market uncertainties and a backdrop of financial projections that may change due to various uncontrollable factors.
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