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.

Galilee Basin (ATPs 743, 744, 1015 (“Deeps”), Vintage 30%)
The operator of the Galilee Basin Deeps Joint Venture, Comet Ridge Ltd (“Comet”, ASX: COI), has advised that onsite operations remain suspended due to heavy local rainfall last week of up to approximately 200 mm.

Prior to the rain event, the Albany-2 flow back, using nitrogen lifting, had been completed. The well has been shut-in and the pressure build-up is being monitored.

Albany-1 ST1 was being prepared for stimulation, however with roads closed and creeks flooding, the program is delayed, and the timing of recommencement of activities will be communicated once known.

As the current phase of field operations are now complete and/or suspended in each of the Vintage project areas of the Otway, Galilee, and Cooper/Eromanga Basins, this communication will be the final regular weekly operational update until such time as any new field operations commence. Vintage will provide updates in the interim as any significant project information regarding schedules and data interpretation become available.

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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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