Vintage Energy, formed amid the backdrop of a developing energy and gas supply crisis, listed on 17 September 2018. The company’s strategy is to secure, explore and commercialise licences capable of supplying gas to eastern Australia, which faces rising gas prices and supply insecurity as production from existing sources declines.
Vintage’s first foray, in the Galilee Basin, yielded the region’s first measurable gas flow at Albany-1.
In the Cooper Basin the company farmed-in and assumed Operatorship of two licences in the southern flank of the Nappamerri Trough and discovered the Vali and Odin gas fields in 2020 and 2021.
Successful appraisal by Vali-2 and Vali-3 led to a long-term production appraisal program of the field, with gas produced being supplied to AGL under a long-term contract. Production appraisal from Odin commenced in September 2023, suppling gas to South Australian electricity generator Pelican Point Power, a joint venture of ENGIE and Mitsui.
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