Metgasco Limited (Metgasco) is an Australian-based exploration and production company. Metgasco holds around 100% interest in three Petroleum Exploration Licenses (PEL's) covering approximately 4,556 square kilometer (km2) in the Clarence-Moreton Basin (CMB) in northern New South Wales. These licenses include PEL 13, PEL 16 and PEL 426. The Company operates through two segments, including hydrocarbon exploration and development, which includes the exploration, evaluation and development of principally coal seam gas and also conventional gas, in the Clarence-Moreton Basin in northern New South Wales, and Richmond Valley Power Station, which includes the development of a 30 megawatt gas fired power station located outside the township of Casino. The Company�s subsidiaries include Richmond Valley Power Pty Ltd, Clarence-Moreton No. 1 Pty Ltd and The Lions Way Pipeline Pty Ltd.