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 (“Vintage”, ASX: VEN) provides an update on the Albany-1 well side-track, located in the Galilee Basin, as part of the Galilee Basin Deeps JV (“GBDJV”) with Comet Ridge Ltd (“Comet Ridge”, ASX: COI). Logging operations were successfully completed on Saturday, with the analyses of the logs indicating that the wellbore was of good quality and gas was present in multiple reservoir sands. This is consistent with the strong shows reported last week through multiple zones of the target reservoir. Pressure measurements were conducted but did not provide any further information.
More infoVintage Energy Ltd (“Vintage”, ASX: VEN) provides an update on the Albany-1 well side-track, located in the Galilee Basin, as part of the Galilee Basin Deeps JV (“GBDJV”) with Comet Ridge Ltd (“Comet Ridge”, ASX: COI). Good progress has been made with the drill bit, resulting in the well reaching total depth (“TD”) yesterday afternoon. TD was reached at 2,822 metres, with drilling successfully achieved through the whole of the Lake Galilee Sandstone target reservoir.
More infoVintage Energy Ltd (“Vintage”, ASX: VEN) provides an update on the Albany-1 well side-track, located in the Galilee Basin, as part of the Galilee Basin Deeps JV (“GBDJV”) with Comet Ridge Ltd (“Comet Ridge”, ASX: COI). The Albany-1 wellbore has been plugged back to 2,350 metres (128 metres above the Lake Galilee Sandstone target reservoir) and the whipstock set. The casing was milled out over the weekend and the drilling of the side-track commenced.
More infoVintage Energy Ltd (“Vintage”, ASX: VEN) provides an update on the Albany-1 well side-track, located in the Galilee Basin, as part of the Galilee Basin Deeps JV (“GBDJV”) with Comet Ridge Ltd (“Comet Ridge”, ASX: COI). Rig 932 was fully rigged up at the Albany-1 well pad over the weekend and re-entered the Albany-1 wellbore to plug back to 2,350 metres (128 metres above the Lake Galilee Sandstone target reservoir) in preparation to side-track the well.
More infoAs operator for ATP 2021, Vintage Energy Ltd (“Vintage”, ASX: VEN) is pleased to announce it has signed a Letter of Intent with Schlumberger to use their SLR-185 rig to drill Vali-1, which is expected to spud later this calendar year. As announced to the market on 22 May 2019, Vintage will earn a 50% interest in ATP 2021 from Metgasco Ltd through contributing 65% of the cost of Vali-1 (up to gross cost of $5.3 million), paying for 65% of past exploration costs, and funding up to $70,000 of 2D and 3D reprocessing. Bridgeport (Cooper Basin) Ltd is also earning a 25% interest in ATP 2021 from Metgasco Ltd by contributing to the cost of Vali-1.
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