Vintage Energy Ltd (ASX:VEN) FY24 Q2 Quarterly Report

Vintage Energy Ltd (ASX:VEN) provide the quarterly activities report for the period ending December 2023.

Highlights:

- Sales revenue of $1.8 million, up 96%
- Production of 0.16 PJ equivalent, up 60%
- Cash and equivalents at 31 December of $3.9 million

Managing Director's comment

"The December quarter results highlight the uplift given by Odin-1 production. Production increased 60%, and revenue 96%, notwithstanding being offline for a significant part of the quarter due to scheduled downstream maintenance. Odin-1 has performed steadily and strongly since coming online in September and reinforced our view of the significant potential of the field. Odin-1 is supplying into an attractive gas sales agreement and we are evaluating opportunities to better leverage the field's capabilities."

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/YX8SH204


About Vintage Energy Ltd

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.

    

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