Vintage Energy is supported by a highly-experienced board of directors and advisors with many decades of management, operational and technical background in the oil and gas industry and Australian equity markets.
The company is aiming to develop an integrated portfolio of energy assets capable of generating substantial value.
The present value of oil and gas exploration and production assets in the Australian energy sector has fallen in line with global crude prices.
The directors believe this presents opportunities to acquire quality assets at counter-cyclical prices.
Vintage Energy aims to to take advantage of these circumstances to create substantial shareholder value.
The unique combination of circumstances presented by the development of a massive Liquefied Natural Gas export industry in Queensland, anti-industry activism and politics (particularly in NSW, Victoria and the Northern Territory) has helped create a gas supply shortage in Australia’s Eastern states, thus creating opportunities for the discovery and development of natural gas assets, which will be a particular focus of Vintage Energy.
Recent events in South Australia (SA) have highlighted the instability in the State’s power generation capability. As a result, Vintage Energy believes drilling for gas in SA may eventually be accelerated and the company notes strong recent SA Government support for the industry.
Vintage Energy has strong relationships with Governments and Government agencies, (particularly in South Australia), connections with existing explorers and operators, as well as a deep knowledge of Australian petroleum basins. Vintage Energy also has very extensive networks within the Australian and international petroleum industry and within the financial community.
Vintage Energy believes that, as companies continue to reduce costs, they will shed exploration, production and infrastructure assets, hence providing Vintage Energy with the opportunity to make highly strategic acquisitions. The company is flexible and capable of making rapid decisions as investment opportunities are presented. Vintage Energy believes exploration is key to company building, but is also examining production opportunities.
Discussions have been held with various possible strategic partners and the Vintage team has identified several exploration opportunities with drill-ready prospects.
It is envisaged that activities will primarily focus on gas exploration potential close to supply infrastructure for the eastern Australian market.
Vintage Energy is also conscious of the need to consider opportunities based on a global ranking of geological and country risk and international activities may be considered in due course.
It is Vintage Energy’s intention to consider an initial public offering (IPO) on the ASX at an appropriate time in the future to access additional capital.