METGASCO'S share price has soared in recent days although the company has denied knowing why there is sudden investor interest in its activities.
The stock is currently trading at about 51 cents a share, up about 18% from last week when shares were valued at about 33 cents.
Queensland based ERM Power has just acquired a 6 % stake in the company. However, that alone does not account for the price spike.
Some media outlets have speculated the most obvious player was LNG, which is 20% owned by China National Petroleum. It is building a facility plant in Gladstone and is short of gas.
The Northern Star
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