2020 AGM - Chairmans Address and MD Operations Report
2020 AGM - Chairmans Address and MD Operations Report
Melbourne, Nov 17, 2020 AEST (ABN Newswire) - Vintage Energy Ltd (ASX:VEN) announce the 2020 AGM - Chairmans Address and MD Operations Report.

New gas discoveries are required to ease dependence on the development of 'undeveloped 2P Reserves' and 'anticipated developments' to meet forecast demand.

- Federal Govt has identified gas companies and the delivery of gas to market as an essential service

- Forecast demand, underpinned by LNG, expected to be steady over the long term

- Significant investment, needed to meet forecast demand, required for:

o Development of 2P undeveloped

o Development 'anticipated developments'

o Development of new discoveries

o Exploration and appraisal

- Domestic gas prices are independent of global oil prices

- Recent ACCC papers indicate contract gas pricing in the $9 10/GJ range

To view the presentation, please visit:

About Vintage Energy Ltd

Vintage Energy Ltd ASX:VENVintage 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.



Neil Gibbins
Managing Director
+61 8 7477 7680

Related Companies

Vintage Energy Ltd

ABN Newswire This Page Viewed:  (Last 7 Days: 21) (Last 30 Days: 93) (Since Published: 5604)