Vintage Energy Ltd (“Vintage”) is a young ASX-listed oil and gas exploration production company.
Floated in 2018, Vintage has discovered, and commenced appraisal production, from two gas fields in the southern flank of the Nappamerri Trough, Cooper Basin, supplying into long term contracts.
Vintage is Operator and a 50% interest holder in the fields, Odin and Vali, which have been independently assessed to hold proved and probable gas reserves (including ethane) of 142 PJ at 30 June 2024 (Vintage share 71PJ), the majority of which is uncontracted, and a Contingent Resource (2C) of 47 PJ.
Vintage anticipates generating value for shareholders through ongoing appraisal, production and development of the southern flank gas projects and other opportunities in its portfolio which include the Nangwarry CO2 resource, oil exploration in the Cooper/Eromanga Basins, and exploration acreage in the onshore Otway, Galilee and Bonaparte Basins.
Managing Director Neil Gibbins has spoken on our plans to increase production from the Odin and Vali gas fields and the Entitlement Offer to fund the Production Uplift program.
A recording of his presentation can be accessed here: https://youtu.be/PauRp7NUkvs
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