Welcome to the Vintage Energy investor area where you will find presentations, reports and news that provide updates on the progress of Vintage Energy as it establishes itself as a new and well respected South Australian based gas, oil and energy company.
On 25 January 2019, Vintage Energy Ltd (Vintage, ASX: VEN) received Ministerial consent, the final condition precedent of the Sale and Purchase Agreement between Vintage and subsidiaries of Beach Energy Ltd (Beach) for the acquisition by Vintage of EP 126 in the Bonaparte Basin, Northern Territory. The transaction was successfully completed on 31 January, transferring the title, operatorship and 100% working interest in EP 126 to Vintage. Vintage is now looking forward to working with the Department of Primary Industries and Resources (DPIR), the traditional landowners and all other stakeholders in relation to this prospective tenement.More info
Vintage Energy Ltd (Vintage) is pleased to advise that Comet Ridge Ltd (Comet Ridge), as Operator of the Galilee Basin Deeps Joint Venture (GBDJV, Vintage 15%), has executed a rig contract with Ensign Drilling to secure Rig 932 for the Albany-2 and Albany-1/ST1 drilling program. The program is scheduled to commence in March 2019 once the wet season has finished. The agreement is for two firm wells plus two contingent wells, with the contingent wells dependent upon evaluation of the Koburra 2D seismic program.More info
Vintage Energy Ltd (Vintage) is pleased to advise that acquisition of the Galilee Basin Deeps Joint Venture (GBDJV, Vintage 15%) Koburra 2D seismic program across permits ATP 743, ATP 744 and ATP 1015 is now underway. The program, being undertaken by Terrex Seismic and co-ordinated by Synterra Technologies, commenced on 30 December 2018, after a short delay in mobilisation of equipment due to local heavy rain. The 2D seismic acquisition will focus on identified Lake Galilee Sandstone leads and prospects to mature them to drillable status and regional seismic to investigate highly prospective structural trends with multi-level targets.More info
Vintage Energy Ltd (Vintage) is pleased to announce that documentation has been fully executed for the transfer of a 15% interest in the Galilee Basin Deeps Joint Venture (GBDJV) across ATP 743, ATP 744 and ATP 1015 to Vintage from Comet Ridge Ltd.More info
Vintage Energy Ltd (Vintage) is pleased to announce that Comet Ridge, as the operator of the Galilee Basin Deeps Joint Venture (GBDJV, Vintage 15%), has signed an agreement with Synterra Technologies to acquire 300-420 km of new 2D seismic across the Galilee Basin permits, ATP 743, ATP 744 and ATP 1015. The seismic acquisition, to be undertaken by Terrex Seismic, is expected to commence in early December 2018 and take approximately 6 weeks to acquire. The estimated gross cost of the survey will be up to $3.5 million and includes both acquisition and processing of the newly acquired data and reprocessing of 619 km of pre-existing 2D seismic data.More info
Vintage Energy Ltd is pleased to announce immediate operational activity following the recent $30 million Initial Public Offering (IPO) and subsequent listing on the ASX.
Vintage, along with Joint Venture (JV) partner Otway Energy (a wholly owned subsidiary of Rawson Oil & Gas Ltd) is acquiring an airborne gravity gradiometry and magnetics survey across its PEL 155 license in the Penola Trough, onshore Otway Basin in South Australia.More info
Australia’s newest oil and gas exploration and production company, Vintage Energy Ltd, is due to start trading on the Australian Securities Exchange on Monday, September 17.More info
Vintage Energy is pleased to announce, after entering into a Heads of Agreement with subsidiaries of Beach Energy Ltd in June 2018 to acquire exploration license EP 126 in the onshore Bonaparte Basin, that it has now executed a Sale and Purchase Agreement with Beach Energy Ltd to acquire a 100% working interest in EP 126. Consideration for the acquisition will be the assumption by Vintage Energy of all obligations associated with the permit, including abandonment of the Cullen-1 exploration well, drilled in 2014. Completion is subject to Vintage being granted approval to list on the Australian Securities Exchange and Ministerial consent being obtained.More info
Vintage Energy and joint venture partner Comet Ridge Limited (ASX: COI) are pleased to announce that the Comet Ridge – Vintage Deeps (CRVD) Joint Venture (JV) in the eastern Galilee Basin has recorded a stabilised gas flowrate of 230,000 scf/d (standard cubic feet per day) across a 13 metre interval in the Lake Galilee Sandstone (LGS) Reservoir from 2582 to 2595 metres at its Albany-1 well. The JV believes that this gas flow is the first measurable flow of natural gas from the Lake Galilee Sandstone in the Galilee Basin.More info