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.
The ATP 2021 joint venture (Vintage Energy Ltd (ASX: VEN, “Vintage”) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) advises that a development concept for the Vali Field has been completed and estimates a field life of around 20 years. The data used for the development concept was generated from the highly successful flow test of Vali-1 ST1, which delivered a stabilised gas rate over a two- day period of 4.3 MMscfd through a 36/64“choke at 942 psi (flowing well-head pressure). The completion of Vali-1 ST1 is due to take place in October 2020.
More infoVintage Energy Ltd (ASX: VEN, “Vintage”) is pleased to advise that it has made its first Otway Basin recoverable carbon dioxide (“CO2”) booking for the Nangwarry-1 discovery. Employing a method consistent with the June 2018 Society of Engineers Petroleum Resources Management System (“PRMS”) methodology, a gross Best Case of 25.1 Bcf recoverable CO2 has been booked for the Nangwarry discovery, which is held by the PEL 155 Otway Basin Joint Venture (Vintage 50%, and Lakes Oil NL (“Lakes”) 50% and operator).
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