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METGASCO LIMITED (MEL)


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General Information
Company Name: Metgasco Limited
Stock Code: MEL
Website: www.metgasco.com.au
GICS Sub-Industry: Oil & Gas Drilling
Market Cap ($M): 25
Equiv. Shares (M): 445

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.054 $ 0.055 $ 0.056 $ 0.054 $ 0.057 833,804 $ -0.003  -5.263 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 3rd Nov 2008
12 Month Target Price (average): $0.74
Brokers Surveyed: 1

Company Overview

Business Description:
Metgasco Limited (MEL) is a natural gas supplier, focusing on exploring, appraising and developing the coal seam gas and trapped conventional gas resources at Clearance Moreton basin in NSW. MEL also develops power projects to supply power to New South Wales with 30 MW power station.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -5.1 -1.6 -- 0.0 0.0 0.0 --
2011  A -5.1 -2.0 -- 0.0 0.0 0.0 --
2010  A -4.5 -2.1 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Horizon Oil (HZN) $443 M -0.7700 0.1515 4.5921 59.0909 51.3158 9.1765 0.0000 0.0000 0.0000
Metgasco (MEL) $25 M -- -- -- -- -- -- 0.0000 -- --
Paladin Energy (PDN) $791 M -- -- -- -- -- 171.8182 0.0000 0.0000 0.0000

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MEL -- -- 0.23 -- --
Market 0.94 12.5 0.82 1.91 2.50
Sector 1.12 16.1 0.72 1.96 4.84

Directors
Name Position Start Date
Mr Leonard (Len) Francis Gill Non-Executive Director 16 June 2010

Management
Name Position
Peter John Henderson Chief Executive Officer,Managing Director
Nicholas (Nick) John Victor Geddes Company Secretary
Sean Hooper Company Secretary

Calendar of Events
Date Event
25 April 2014 Report (Quarterly)
30 January 2014 Report (Quarterly)
15 October 2013 Report (Quarterly)
11 October 2013 Report (Annual)
09 October 2013 Report (Annual)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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