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Galilee Basin Deeps Joint Venture – Project Update

Friday, April 5, 2019

Vintage Energy Ltd (“Vintage”, ASX: VEN) is pleased to report that processing of the recently acquired Koburra 2D seismic data, along with the reprocessing of 619 kilometres of pre-existing 2D seismic data, is underway and is expected to be completed this quarter. Interpretation and mapping of the data will immediately follow. While it is still early in the evaluation process, initial views of the field processed preliminary brute stacks indicate several possible leads in the vicinity of Lake Galilee-1.

The operator, Comet Ridge Ltd, has also advised of strong structural trends on new regional seismic lines in areas where no seismic data has previously been acquired. This is encouraging and may extend the strong area of interest around the Albany and Lake Galilee wells. Further seismic will be required to delineate these new trends.

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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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