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.


Vali gas field development concept completed

Thursday, September 17, 2020

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. 

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Nangwarry recoverable CO2 booking

Tuesday, September 1, 2020

Vintage 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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MOU signed with Supagas for Nangwarry CO2

Tuesday, August 25, 2020

The PEL 155 onshore Otway Basin joint venture (Vintage Energy Ltd (ASX: VEN, “Vintage”) 50%, Lakes Oil NL (“Lakes”) 50% and operator) is pleased to advise that a non-binding Memorandum of Understanding (“MOU”) has been signed with Supagas Pty Ltd (“Supagas”), an Australian based distributor of gases for domestic, industrial, medical and other applications.

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Highly successful Vali-1 ST1 flow-test program completed

Friday, August 21, 2020

The ATP 2021 joint venture (Vintage Energy Ltd (ASX: VEN, “Vintage”) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) is pleased to advise that the highly successful flow test program for Val-1 ST1 has completed. During the extended flow test program, a rate of 4.3 MMscfd of gas was measured through a 36/64“choke at a flowing well-head pressure (“FWHP”) of 942 psi over a two-day period. Transient tests were also undertaken with rates recorded between 3.7 MMscfd (through a 24/64” choke at 1,676 psi FWHP) and 7.5 MMscfd (through a 32/64” choke at 1,593 psi FWHP).

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Vali-1 ST1 flow-test program commences

Thursday, August 13, 2020

The ATP 2021 joint venture (Vintage Energy Ltd (ASX: VEN, “Vintage”) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) is pleased to advise that a strong gas flare continued to be observed throughout the whole of the flow-back period. Recovery of the injected stimulation fluids reached approximately 53%, with the gas rate reaching 4.9 MMscfd through a 42/64“ choke at a well head pressure of 680 psi.  The well was shut-in once the recovery rate of stimulation fluid had dropped sufficiently for the well testing to commence.  The well head pressure after shut-in built up quickly to ~3000 psi.

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Vali-1 ST1 flow-back

Thursday, August 6, 2020

The ATP 2021 joint venture (Vintage Energy Ltd (ASX: VEN, “Vintage”) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) is pleased to advise that a strong gas flare has been observed over the flow-back of stimulation fluid ahead of the flow testing of the well.  The gas stream was diverted through a separator with the rate steadily increasing over the flow-back period.  Recovery of the injected stimulation fluids has reached approximately 40%, with the gas rate reaching 3.7 MMscfd through a 38/64 inch choke at a wellhead pressure of 800 psi. These early indications bode well for gas rates as we will be increasing the choke size during the upcoming flow testing program.

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Vali-1 ST1 fracture stimulation completed

Monday, July 27, 2020

The ATP 2021 joint venture (Vintage Energy Ltd (ASX: VEN, “Vintage”) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) is pleased to advise that the six stage fracture stimulation program for the Vali-1 ST1 well has been safely completed, with one stage in the deeper Tirrawarra Sandstone and five stages in the Patchawarra Formation. Timing between the first two fracture stimulation stages allowed brief flowbacks of stimulation fluid and gas from the deepest zones. The gas to surface was flared, however, it is important to note that this flowback was not a flow test as it was done over a short timeframe, and hence not suitable for measurement of rates.  Timing between other fracture stimulation stages did not permit flowback of any further zones

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Vali-1 ST1 fracture stimulation

Thursday, July 16, 2020

The ATP 2021 joint venture (Vintage Energy Ltd (ASX: VEN, “Vintage”) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) is pleased to advise that the first fracture stimulation stage for the Vali-1 ST1 well, in the deepest Tirrawarra Sandstone, has been completed. This section will now be cleaned out before being isolated to allow for the second fracture stimulation stage in the shallower Patchawarra Formation.

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Vali-1 ST1 update

Wednesday, July 8, 2020

Vintage Energy Ltd (ASX: VEN, “Vintage”) is pleased to advise that the fracture stimulation of Vali-1 ST1 well, which is to be followed by flow testing, is expected to commence on 12 July 2020.  The ATP 2021 joint venture (Vintage 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) awarded the Vali-1 ST1 fracture stimulation activities to Condor Energy Services Pty Ltd (“Condor”) in June, with Condor currently mobilising its equipment to site.  This is expected to be completed over the coming days.

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Successful gazettal bid for Cooper Basin permit

Tuesday, June 30, 2020

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.

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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.

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