OIL & GAS
The board of Metgasco, which at the end of 2015 sold its petroleum exploration licences, would consider a return of capital if the company failed to clinch a new business deal, the ASX-listed firm reported on Wednesday.
Metgasco has been evaluating and pursuing investment opportunities in the oil and gas sector after it withdrew from its North South Wales operations and agreed to stop court action against the state government in return for A$25-million.
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