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 (ASX: VEN, “Vintage”) is pleased to advise that it has been successful in bidding for Block CO2019-E (PELA 679) (“Block E”) in the south west of the Cooper Basin in South Australia. Gazettal Block E forms one of five hydrocarbon exploration licence blocks released for competitive bidding by the South Australian Department of Energy and Mining (“DEM”) in 2019. Once an appropriate land access agreement is in place with the Dieri Aboriginal Corporation RNTBC and the State Government, Vintage will have a 100% interest in the permit with options to finance the firm work program through the potential introduction of a joint venture partner/s.
More infoVintage Energy Ltd (ASX: VEN, “Vintage”) advises that the planning work for the fracture stimulation of the Vali discovery is primarily complete, with the stimulation of Vali-1 ST1 expected to commence in early July 2020. The ATP 2021 joint venture (Vintage 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) has awarded the Vali-1 ST1 fracture stimulation activities to Condor Energy Services Pty Ltd (“Condor”).
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