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.


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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Vali-1 ST1 well update

Wednesday, June 3, 2020

Vintage 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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Share Purchase Plan update

Wednesday, May 13, 2020

Vintage Energy Ltd (ASX: VEN, “Vintage”) is pleased to advise that it has already received in excess of 75% of the $0.75 million it is seeking through retail shareholder commitments to the Share Purchase Plan (“SPP”).  The $2.25 million share placement to institutional and sophisticated/professional investors (“Placement”) was recently completed at an issue price of $0.036 and well oversubscribed.

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Company update, successful completion of placement and intention to undertake Share Purchase Plan

Thursday, April 30, 2020

Vintage Energy Ltd (ASX: VEN, “Vintage”) is pleased to advise that it was well oversubscribed with its $2.25 million share placement to institutional and sophisticated/professional investors (“Placement”) at an issue price of $0.036. A Share Purchase Plan (“SPP”) will also be undertaken through the issue of new fully paid ordinary shares at $0.036 per share, in line with the Placement, and will target gross proceeds of up to $0.75 million. Directors and Management of Vintage have committed $667,000 toward the Placement and SPP, with shareholder approval at an EGM (scheduled late May / early June) to approve the commitment of funds by the Directors in the Placement (totalling $385,000).

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Southern Flank (ATP 2021) Vali Gas Field Contingent Resources

Tuesday, March 3, 2020

Vintage Energy Ltd (ASX: VEN, “Vintage”) advises that it has made its first Cooper Basin gas 2C Contingent Resource booking in the lightly explored Southern Flank of the Nappamerri Trough.  Vintage as operator has brought this project from farm-in to discovery and resource booking in just nine months.  An independently certified gross 2C Contingent Resource of 37.7 Bcf (18.9 Bcf net working interest to Vintage) has been booked for the Vali gas discovery, which is held by the ATP 2021 Joint Venture (Vintage 50% and operator, Metgasco Ltd (ASX:MEL) 25% and Bridgeport (Cooper Basin) Pty Ltd 25%).

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Farm-in agreement executed for PRL 211

Monday, February 24, 2020

Vintage Energy Ltd (“Vintage”, ASX: VEN) is pleased to announce that it has executed the farm-in agreement for PRL 211 on the South Australian side of the Cooper/Eromanga Basins.  This binding farm-in agreement replaces the non-binding term sheet that was initially in place (refer ASX release dated 22 November 2019).  Under the joint venture Vintage will become the operator with 42.5%, Bridgeport will have 21.25%, Metgasco Ltd (“Metgasco”, ASX: MEL) 21.25% and a subsidiary of Senex Energy Ltd (“Senex”) 15%, with Senex to be free carried through the drilling of the first well. 

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Operations update

Tuesday, February 4, 2020

Vintage Energy Ltd (“Vintage”, ASX: VEN) provides an operations update for its onshore Cooper/Eromanga Galilee Basin stimulation campaign.

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Operations update

Wednesday, January 29, 2020

Vintage Energy Ltd (“Vintage”, ASX: VEN) provides an operations update for its onshore Cooper/Eromanga Basins, Galilee Basin and Otway Basin drilling and stimulation campaigns.

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Operations update

Tuesday, January 21, 2020

Vintage Energy Ltd (“Vintage”, ASX: VEN) is pleased to provide an operations update for its onshore Cooper/Eromanga Basins, Galilee Basin and Otway Basin drilling and stimulation campaigns.

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Nangwarry-1 update

Thursday, January 16, 2020

Vintage Energy Ltd (“Vintage”, ASX: VEN) has been advised by the operator of the Otway Basin Joint Venture, Otway Energy Pty Ltd, that laboratory-based analyses have indicated CO2 content in two samples at around 90%.

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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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