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Vintage Energy to increase equity in PEL 155 to 50%

Tuesday, April 3, 2018

Vintage Energy Ltd has acquired, subject to final approvals by the South Australian State Government, an additional 25% equity share of South Australian Otway Basin permit area, PEL 155, giving it a 50% share of the highly prospective gas exploration permit.

Vintage and Rawson earlier agreed that Vintage would acquire an additional 25% equity in PEL 155, subject to State Govt approval, provided the joint venture was successful in being granted a Petroleum Accelerated Exploration (PACE) Gas Grant.

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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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