Vintage Energy Ltd (ASX:VEN) 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.
The ATP 2021 joint venture (Vintage Energy Ltd (ASX:VEN) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) advises that a development concept for the Vali Field has been completed and estimates a field life of around 20 years.
Vintage Energy Ltd (ASX:VEN) advises that it has undertaken a share placement to institutional and sophisticated/professional investors ("Placement") at an issue price of $0.06 per share, raising gross proceeds of $3.1 million.
Vintage Energy Ltd (ASX:VEN) is pleased to advise that it has made its first Otway Basin recoverable carbon dioxide ("CO2") booking for the Nangwarry-1 discovery.
The PEL 155 onshore Otway Basin joint venture (Vintage Energy Ltd (ASX:VEN) 50%, Lakes Oil NL 50% and operator) is pleased to advise that a non-binding Memorandum of Understanding has been signed with Supagas Pty Ltd, an Australian based distributor of gases for domestic, industrial, medical and other applications.
The ATP 2021 joint venture: Vintage Energy Ltd (ASX:VEN) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) is pleased to advise that the highly successful flow test program for Vali-1 ST1 has completed.
The ATP 2021 joint venture Vintage Energy Ltd (ASX:VEN) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25% is pleased to advise that a strong gas flare has been observed over the flow-back of stimulation fluid ahead of the flow testing of the well.
Vintage Energy Ltd ("Vintage") (ASX:VEN) is pleased to advise that recently processed and reprocessed seismic data has identified a number of new leads and prospects, with a key lead progressed to 'drill ready' status.
