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BRIEF-Metgasco updates on settlement receipt and exploration licences

Published 22/12/2015, 06:27 pm
© Reuters.  BRIEF-Metgasco updates on settlement receipt and exploration licences
MEL
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Dec 22 (Reuters) - Metgasco Ltd MEL.AX :

* "As part of the settlement, exploration licences PEL 13 and PEL 16 have been cancelled"

* Metgasco Limited advises that it has received $25 million from NSW government

* Has withdrawn its renewal application for pel 426 and for production licence (PPLA 9)and has formally withdrawn from court action

* Also received refund of $430,000 in bonds

* Says as of 31 December, Metgasco expects to have cash reserves of approximately $31 million

* Source text for Eikon ID:nASXbMPnjF

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