Metgasco Reclassifies Gas Reserves, Reporting Over 31 PJe As Contingent Resources
Closing price · 2026-10-26: $0.016 · +0.00%
An independent assessment reclassified gas at Metgasco’s Odin and Vali fields to reflect current capital expenditure plans, with gas-in-place estimates unchanged. Net 2P reserves fell from about 36 PJe a year earlier to about 6 PJe, while 2C contingent resources rose from zero to over 31 PJe; further development remains contingent on results of current activities and a firm commitment.