Vintage has a 50% interest and operatorship of two neighbouring licences in the southern flank of the Nappamerri Trough; ATP 2021 on the Queensland side of the Cooper/Eromanga basins, and the nearby permit PRL 211 in South Australia.
The licences are held in joint ventures with identical composition: Vintage Energy 50% interest holder and Operator, Bridgeport (Cooper Basin) Pty Ltd 25% interest and Metgasco Limited (25% interest).
Vintage, as Operator of the PRL 211 and ATP 2021 joint ventures, has drilled 5 wells all of which have been successful. The Vali-1 gas discovery in ATP 2021 was successfully appraised by Vali-2 and Vali-3.
Odin-1, drilled in PRL 211, discovered the Odin gas field. Odin-2 confirmed the field’s north eastern extent in ATP 2021.
Capital works conducted in 2022 and 2023 installed separation facilities at Vali and connected both fields to the Moomba gas gathering network.
Vali and Odin are undergoing long term production appraisal with a view to preparation of full field development plans.
Oil discovery potential has been identified and is being pursued in these licences, and the successful application licence PELA 679 which is subject to award.
Bonaparte Basin
The Bonaparte Basin is a frontier basin in the north of the Northern Territory with a proven hydrocarbon system. Several large gas fields have been discovered in the basin offshore including undeveloped Contingent Resources of 2.7 Tcf in Petrel, Tern and Frigate and the producing Black Tip field (2P 933 Bcf). The onshore Weaber Gas Field (RL-1, Advent Energy 100%), and surface bitumen seeps, provide direct evidence of a working petroleum system in the Keep Inlet Sub-Basin.
Vintage holds a 100% interest in the onshore Bonaparte basin in EP 126, a low-cost entry which holds the untested Cullen-1 gas well. Cullen well was cased and suspended after recording extensive gas shows during drilling. The well is the subject of a Heads of Agreement.
PRL 249 50% interest
Vintage has 50% interest in PRL 249 in the South Australian onshore Otway Basin (50% held by Otway Energy Pty Ltd) which includes the Nangwarry gas field, a high quality (93% pure) carbon dioxide resource which Vintage discovered in 2020.
Nangwarry-1 possesses the quality and volume suitable for commercial production of food-grade CO2, a critical input for a wide range of manufacturing, storage, transportation, safety and healthcare applications. Vintage is engaging a wide range of stakeholders including users, suppliers, infrastructure providers and government on commercialisation options for the field.
The Galilee Basin is a lightly explored gas province in proximity to market and the proposed Galilee-Moranbah pipeline.
Vintage holds a 30% participation in the joint venture with titles to the Deeps sandstone reservoir sequence (all strata commencing underneath the Permian coals (Betts Creek Beds or Aramac coals) with the main target being the Lake Galilee Sandstone sequence) in ATP 744, ATP 743 & ATP 1015 and their overlying Potential Commercial Area PCA”) PCA 319, PCA 320, PCA 321, PCA 322, PCA 323 and PCA 324 titles.
Vintage holds 2 exploration licences overlying the Gawler Craton and the Arckaringa Basin. The Gawler Craton is the oldest and largest geological province in South Australia and hosts the source and mineralisation for many of the South Australia’s largest mineral deposits, including the Olympic Dam IOCG deposit.
Fertile basement rocks of the Gawler Range Volcanics and Hiltaba Suite granites provide a rich source of lithium, uranium and associated elements, while extensive historical petroleum data confirms the presence of basin-scale fluid pathways capable of transporting these metals into structural traps.
Vintage has acquired the licences for a modest work commitment with the intention of applying proven principles of petroleum systems analysis to identify zones where minerals have been mobilised, transported and concentrated into potentially economic deposits. Priority targets for exploration include lithium, uranium and sedimentary copper and other critical minerals.
