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Vintage Energy/Rawson Oil and Gas Joint Venture awarded almost $5 million for gas exploration

Monday, December 18, 2017

Vintage Energy Ltd and its joint venture partner, Rawson Oil and Gas Ltd have been awarded $4.95 million under the South Australian Government’s PACE Gas Grant Program. The grant will assist the joint venture in drilling the Nangwarry-1 gas exploration well in Petroleum Exploration Licence (PEL) 155 in the onshore Otway Basin in 2018.

The South Australian Plan for Accelerating Exploration (PACE) gas grant scheme aims to discover and bring new gas to the South Australian market within three years.

Vintage and Rawson have begun planning the conventional gas exploration well and expect drilling to start before the end of 2018.

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Vintage Energy

Vintage Energy has been established to acquire, explore and develop energy assets within Australia that will provide gas to the eastern states.

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