News

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.


Galilee Basin Deeps Joint Venture Update

Tuesday, October 22, 2019

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). 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 info

Galilee Basin Deeps Joint Venture Update

Tuesday, October 15, 2019

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). 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 info

Galilee Basin Deeps Joint Venture Update

Tuesday, October 8, 2019

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).  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 info

ATP 2021 JV targeting Vali prospect

Tuesday, October 1, 2019

As 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.

More info

Galilee Basin Deeps Joint Venture Update

Tuesday, October 1, 2019

Vintage Energy Ltd (“Vintage”, ASX: VEN) provides an update on the Albany-2 well and the side-track of the Albany-1 well, located in the Galilee Basin, as part of the Galilee Basin Deeps JV (“GBDJV”) with Comet Ridge Ltd (“Comet Ridge”, ASX: COI). Late last week, 4 ½” casing was run in Albany-2 to a measured depth of 2,599 metres and cemented in place. The upper Lake Galilee reservoir sands and the top section of the thick, lower sand are available for stimulation and testing later this year. Once the casing was run, the rig was moved from Albany-2 to the Albany-1 site over the weekend with the side-track of the Albany-1 well expected to commence over the coming days.

More info

Galilee Basin Deeps Joint Venture Update

Tuesday, September 24, 2019

Vintage Energy Ltd (“Vintage”, ASX: VEN) provides an update on the Albany-2 well, located in the Galilee Basin, as part of the Galilee Basin Deeps JV (“GBDJV”) with Comet Ridge Ltd (“Comet Ridge”, ASX: COI). As detailed in the ASX release dated 10 September 2019, the Albany-2 well reached a total depth of 2,702 metres on 6 September. Recent fishing operations to retrieve the logging tool down the wellbore resulted in the partial recovery of the tool string, with the remainder to be left below the casing. Casing is now being run and expected to be completed over the coming days.

More info

Galilee Basin Deeps Joint Venture Update

Tuesday, September 17, 2019

Vintage Energy Ltd (“Vintage”, ASX: VEN) provides an update on the Albany-2 well, located in the Galilee Basin, as part of the Galilee Basin Deeps JV (“GBDJV”) with Comet Ridge Ltd (“Comet Ridge”, ASX: COI). As detailed in the ASX release dated 10 September 2019, the Albany-2 well reached a total depth of 2,702 metres on 6 September. Initial logging analyses indicated the presence of gas in the target reservoir, with logging operations over the past week recording pressure measurements before being interrupted by the tool getting stuck down the hole. The operator is undertaking fishing operations to retrieve the tool, which is expected to be completed over the coming days.

Equipment is currently being moved from the Albany-2 site to the Albany-1 site, however, the rig will not be mobilised until the completion of the fishing operation. As a result, we anticipate that the rig will be onsite at Albany-1 late next week to commence the side-track, Albany-1 ST1.

More info

Galilee Basin Deeps Joint Venture Update

Tuesday, September 10, 2019

Vintage Energy Ltd (“Vintage”, ASX: VEN) is pleased to provide an update on the Albany-2 well, located in the Galilee Basin, as part of the Galilee Basin Deeps JV (“GBDJV”) with Comet Ridge Ltd (“Comet Ridge”, ASX: COI). The well reached a total depth of 2,702 metres on 6 September, with logging runs and pressure measurements now being undertaken in the well. Quick-look log analyses have indicated the presence of gas and subsequent pressure measurements are being undertaken downhole in the Lake Galilee Sandstone reservoir section. Upon the completion of the logging work, we are expecting to run casing that will set the Albany-2 well up for stimulation and flow testing.

More info

Galilee Basin Deeps Joint Venture – Gas Shows

Tuesday, September 3, 2019

Vintage Energy Ltd (“Vintage”, ASX: VEN) is pleased to provide an update on the drilling and coring of the Albany-2 well, located in the Galilee Basin, as part of the Galilee Basin Deeps JV (“GBDJV”) with Comet Ridge Ltd (“Comet Ridge”, ASX: COI). The joint venture decided that enough representative core has been recovered, with the coring of the well now complete. Albany-2 is drilling ahead at 2,605 metres in the lower Lake Galilee Sandstone reservoir section. Planned total depth of the well remains at 2,752 metres.
A total of 62 metres of predominantly sandstone core has been cut and recovered, with gas shows being observed. The core is being transported to a Brisbane laboratory where it will be analysed, which, together with electric logging data (acquired once total depth has been reached), will guide the planning and execution of the reservoir stimulations and testing later this year.

More info

Vintage moves to 30% equity in the GBDJV

Monday, September 2, 2019

Vintage Energy Ltd (“Vintage”, ASX: VEN) is pleased to advise that the Galilee Basin Deeps JV (“GBDJV”) has reached the pre-determined Stage 2 funding point of $10 million (gross), which has triggered an increase in Vintage’s equity in the GBDJV from 15% to 30%.  Vintage was contributing to Stage 2 costs on a 50:50 basis, with the funding contribution for the joint venture to now be incurred in line with the GBDJV interests, which is Vintage 30% and Comet Ridge Ltd (“Comet Ridge”, ASX: COI) 70%.  As a result of this, Vintage has doubled its resources in the Albany Field .

More info

Vintage Energy

Vintage Energy Ltd has been established to acquire, explore and develop energy assets principally within, but not limited to, Australia, to take advantage of a generally favourable energy pricing outlook.

Contact Us

Subscribe

Enter your details to receive updates from Vintage Energy.