Welcome to the Vintage Energy investor area where you will find presentations, reports and news that provide updates on the progress of Vintage Energy as it establishes itself as a new and well respected South Australian based gas, oil and energy company.
Vintage Energy Ltd (VEN) has met all conditions precedent for its farm-in to the Sandstone reservoir sequence within the Galilee Basin permits ATP743, ATP744, and ATP1015 (Galilee Permits) in Queensland from Comet Ridge Limited (COI).
Vintage, through a two-stage farm-in, may initially earn up to a 30% interest in the Deeps by committing to spend approximately $8.5 million as part of a staged $15 million work program. Under certain increased funding arrangements, Vintage can earn up to a 48% interest.
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