Vintage Energy Ltd (“Vintage”, ASX: VEN) is pleased to announce that Easternwell is in the process of mobilising the Rig 106 to the Nangwarry-1 well location in PEL 155 in the onshore Otway Basin (South Australia). The operator of the Otway Basin Joint Venture (PEL 155, Vintage 50%), Otway Energy Pty Ltd, advised that the well is expected to spud on or around 1 December 2019.
In relation to the Bonaparte Basin permit EP 126, Vintage advises that the EP 126 Farm-in agreement with Firetail Energy Services Pty Ltd, for 10% equity, including the Joint Operating Agreement, has been executed on terms as per the binding Heads of Agreement signed earlier this year (refer ASX release 8 May 2019).
