Jan 20 (Reuters) - Metgasco Ltd MEL.AX :
* HAS EXECUTED A RE-STATED L14 WESTERN FLANK FARM-OUT AGREEMENT WITH RCMA AUSTRALIA PTY LTD AND VINTAGE ENERGY LTD
* FARM-OUT AGREEMENT COMMITS CO & VINTAGE TO DRILLING, IN Q3 CY2020, CERVANTES OIL PROSPECT IN WESTERN FLANK AREA OF L14 PRODUCTION LICENCE
* CURRENT GROSS COST ESTIMATE RANGE TO DRILL CERVANTES IS $5-7 MILLION