Metgasco Records positive test results from Odin-1 well
- Metgasco (MEL) announces the completion of initial Odin-1 well tests and says the gas flow rate continued to perform strongly
- Over the course of five intervals, a total of 26.6 metres within the Toolachee Formation were perforated and 7.5 meters over two intervals in the Epsilon Formation
- During the phase of optimising choke settings, 10.3 mmscfd was achieved with a 36/64″ fixed choke rate at a FWHP of 1666psi
- The company says this demonstrates the potential for improved gas productivity from both the Toolachee and Epsilon formations
- The company shares are trading steady at 3.4 cents
