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 received firm commitments of $8.5 million ($8.0 million after costs) through a placement of shares to institutional and sophisticated investors (“Placement”). The placement was undertaken at an issue price of $0.085. A Share Purchase Plan (“SPP”) will open on Thursday 16 December 2021 with the issue of new fully paid ordinary shares at $0.085 per share, the same as the placement, targeting gross proceeds of $2,000,000. Directors and management will participate in the SPP.
More infoVintage Energy Ltd (ASX: VEN, “Vintage”) is pleased to announce a conditional Heads of Agreement (“HoA”) between the ATP 2021 Joint Venture parties (“JV”) and AGL Wholesale Gas Limited (“AGL”) for the sale of all gas produced from the Vali Field from field start-up (mid-CY2022) through to the end of CY2026. This is anticipated to be a minimum of 9 PJ and up to 16 PJ of gross sales gas over the contract term, to be sold on a mix of firm and variable pricing at market rates.
More infoVintage Energy Ltd (ASX: VEN, “Vintage”) is pleased to announce the signing of a binding term sheet for a $10 million debt facility (“Facility”) with the PURE Resources Fund, managed by PURE Asset Management (“PURE”). The funds will supplement the recently announced Gas Sales Heads of Agreement (“HoA”) with AGL Wholesale Gas Limited (“AGL”).
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