Galilee Basin – Koburra 2D Seismic Program Commenced

Wednesday, January 2, 2019

Vintage Energy Ltd (Vintage) is pleased to advise that acquisition of the Galilee Basin Deeps Joint Venture (GBDJV, Vintage 15%) Koburra 2D seismic program across permits ATP 743, ATP 744 and ATP 1015 is now underway.  The program, being undertaken by Terrex Seismic and co-ordinated by Synterra Technologies, commenced on 30 December 2018, after a short delay in mobilisation of equipment due to local heavy rain.  The 2D seismic acquisition will focus on identified Lake Galilee Sandstone leads and prospects to mature them to drillable status and regional seismic to investigate highly prospective structural trends with multi-level targets.

Acquisition will take approximately 6 weeks and the data will then be processed along with reprocessing of 619 km of pre-existing 2D seismic data.  The processed data is expected to be available for interpretation in late March.

Vintage Managing Director, Neil Gibbins said, “Vintage is pleased to get Stage 2 of the GBDJV farm-in underway and looks forward to evaluating the exciting opportunities to be addressed by the Koburra Seismic Program.  Prospects matured to drill ready status can then be progressed following the drilling of Albany-2 and completion of Albany-1”.

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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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