News

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.


Share Purchase Plan update

Wednesday, May 13, 2020

Vintage Energy Ltd (ASX: VEN, “Vintage”) is pleased to advise that it has already received in excess of 75% of the $0.75 million it is seeking through retail shareholder commitments to the Share Purchase Plan (“SPP”).  The $2.25 million share placement to institutional and sophisticated/professional investors (“Placement”) was recently completed at an issue price of $0.036 and well oversubscribed.

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Company update, successful completion of placement and intention to undertake Share Purchase Plan

Thursday, April 30, 2020

Vintage Energy Ltd (ASX: VEN, “Vintage”) is pleased to advise that it was well oversubscribed with its $2.25 million share placement to institutional and sophisticated/professional investors (“Placement”) at an issue price of $0.036. A Share Purchase Plan (“SPP”) will also be undertaken through the issue of new fully paid ordinary shares at $0.036 per share, in line with the Placement, and will target gross proceeds of up to $0.75 million. Directors and Management of Vintage have committed $667,000 toward the Placement and SPP, with shareholder approval at an EGM (scheduled late May / early June) to approve the commitment of funds by the Directors in the Placement (totalling $385,000).

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Southern Flank (ATP 2021) Vali Gas Field Contingent Resources

Tuesday, March 3, 2020

Vintage Energy Ltd (ASX: VEN, “Vintage”) advises that it has made its first Cooper Basin gas 2C Contingent Resource booking in the lightly explored Southern Flank of the Nappamerri Trough.  Vintage as operator has brought this project from farm-in to discovery and resource booking in just nine months.  An independently certified gross 2C Contingent Resource of 37.7 Bcf (18.9 Bcf net working interest to Vintage) has been booked for the Vali gas discovery, which is held by the ATP 2021 Joint Venture (Vintage 50% and operator, Metgasco Ltd (ASX:MEL) 25% and Bridgeport (Cooper Basin) Pty Ltd 25%).

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Farm-in agreement executed for PRL 211

Monday, February 24, 2020

Vintage Energy Ltd (“Vintage”, ASX: VEN) is pleased to announce that it has executed the farm-in agreement for PRL 211 on the South Australian side of the Cooper/Eromanga Basins.  This binding farm-in agreement replaces the non-binding term sheet that was initially in place (refer ASX release dated 22 November 2019).  Under the joint venture Vintage will become the operator with 42.5%, Bridgeport will have 21.25%, Metgasco Ltd (“Metgasco”, ASX: MEL) 21.25% and a subsidiary of Senex Energy Ltd (“Senex”) 15%, with Senex to be free carried through the drilling of the first well. 

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Operations update

Tuesday, February 4, 2020

Vintage Energy Ltd (“Vintage”, ASX: VEN) provides an operations update for its onshore Cooper/Eromanga Galilee Basin stimulation campaign.

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Operations update

Wednesday, January 29, 2020

Vintage Energy Ltd (“Vintage”, ASX: VEN) provides an operations update for its onshore Cooper/Eromanga Basins, Galilee Basin and Otway Basin drilling and stimulation campaigns.

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Operations update

Tuesday, January 21, 2020

Vintage Energy Ltd (“Vintage”, ASX: VEN) is pleased to provide an operations update for its onshore Cooper/Eromanga Basins, Galilee Basin and Otway Basin drilling and stimulation campaigns.

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Nangwarry-1 update

Thursday, January 16, 2020

Vintage Energy Ltd (“Vintage”, ASX: VEN) has been advised by the operator of the Otway Basin Joint Venture, Otway Energy Pty Ltd, that laboratory-based analyses have indicated CO2 content in two samples at around 90%.

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Vali-1 ST1 gas discovery

Thursday, January 16, 2020

Vintage Energy Limited (“Vintage”, ASX:VEN)(50%), as operator of the ATP 2021 Joint Venture with Metgasco Ltd (“Metgasco”, ASX:MEL)(25%) and Bridgeport (Cooper Basin) Pty Ltd (“Bridgeport”)(25%), is pleased to advise that Vali-1 ST1, the first well for Vintage as operator, has discovered gas in the primary Patchawarra Formation target. The well is currently being cased and suspended for potential stimulation, flow testing and future production.

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Nangwarry-1 update

Wednesday, January 15, 2020

The operator of the Otway Basin Joint Venture, Otway Energy Pty Ltd, has advised that the drilling of the Nangwarry-1 well has resulted in a new field gas discovery, with the well currently being cased for further evaluation and testing. The well was drilled to total depth at a measured depth of 4,300 metres in the Pretty Hill Formation on 31 December 2019.

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Vintage Energy

Vintage Energy Ltd 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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