Metgasco is an energy company listed in Australia with cash and equity reserves of approximately A$5 mill, is poised for growth and is focussed on exploration and appraisal activities in the Cooper Eromanga and Perth Basins. Metgasco’s current strategy is to deliver shareholder returns from current and new E&P assets/investments and be the partner of choice

Metgasco has recently booked inaugural gas reserves of 8.3PJ net in the ATP2021 Licence in the Cooper Eromanga Basin. Up-to 3 exploration /appraisal wells are planned in 2021 to determine the upside size of the gas reserves in ATP2021 and PRL211 licence. Metgasco expects that first gas production will be achieved from this new production hub in early CY2022 bringing cash revenue to the business.

Metgasco plans to drill a shallow conventional exploration well (Cervantes 1) in late Q2CY2021 in one of the largest undrilled oil opportunities in the Perth Basin with gross P50 OOIP of 35mmbo. This well is in a geological oil trend close to circa recoverable 30mmbo  of historical discoveries. Cervantes has a 28% COS is targeting the Kingia sand found in the recent Waitsia and West Erregulla gas discoveries in the Perth Basin. Cervantes can be rapidly commercialised via oil processing facilities within 3km of the exploration well.

Metgasco is presently pursuing new opportunities in the Oil & Gas sector in the onshore Cooper and Perth basins

KEY PEOPLE

Philip Amery

Chairman 

BA, LLB

Mr. Amery is an experienced capital markets advisor and private banker. He holds BA and LLB degrees (Adelaide) and is a graduate of the Financial Asset Management and Engineering Program of the Swiss Finance Institute

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Ken Aitken

Chief Executive Officer

BSc in Mechanical Engineering

Ken has over 30 years of international and domestic experience in onshore and offshore oil and gas developments in technical, leadership and executive roles.

His skill set focus is upstream oil and gas, across exploration, development and production.

Mr. Aitken’s prior roles include Origin Energy Limited, Hess Corporation, Enterprise Oil, Apache Corporation, New Standard Energy Ltd and Empire Oil and Gas NL, including as Asset Manager, Reservoir Development Manager, Chief Petroleum Engineer, General Manager Operations and Engineering and CEO.

Ken holds a BSc in Mechanical Engineering from Heriot-Watt University and he is a member of the Institute of Company Directors.

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John Patton

Non-Executive Director

B Ec, ACA, F Fin

John is the founding director of Wilson Hanna, a specialist corporate advisory firm, and a former partner with Ernst & Young in the Transactions Advisory Services division. With over 25 years of professional services and industry experience, John has extensive corporate finance credentials having been personally involved in over 150 corporate transactions including mergers & acquisitions (lead advisory roles), due diligence, structuring & restructuring, debt and equity raisings, IPO’s, management buy-outs, financial modelling and valuations (including Independent Expert Reports).

Currently, John is the executive Chairman of Keybridge Capital Limited and Managing Director of Aurora Funds Management Limited. 

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Dr. Robbert Willink

Non-Executive Director

BSc(Hons), PhD

Dr. Willink has 40 years of experience in the Oil & Gas industry. Following graduation with a first-class honours degree and the completion of his PhD in Geology, Dr. Willink embarked on a career in exploration that led through various overseas assignments to executive appointments in leading Australian Oil & Gas companies. Dr. Willink has worked for companies such as Shell, Sagasco Resources, Boral Energy and Origin Energy. Among other executive roles, Dr. Willink held the position of Executive General Manager, Geoscience & Exploration New Ventures with Origin Energy from 2005 to 2011.

Dr. Willink has held executive and non-executive director positions in the past and is currently an Adjunct Professor at the University of Queensland and a Director of the privately owned Timor Resources. 

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