VEN 0.00% 0.9¢ vintage energy ltd

2022 for VEN. The spark that lights the fire, page-4

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    The company must believe that they can deliver gas by 30 June 2022. It is part of the incentive plan. If they stick to the plan, we can expect a rerate by 30 June 2022.

    • Short term incentives – 7,814,900 rights – continued employment with Vintage and first gas to market by 30 June 2022.

    • Long term incentives 1 – 5,860,300 rights – continued employment with Vintage at 30 June 2024 and CO2 production commenced orNangwarry project monetised prior to 30 June 2024.

    • Long term incentives 2 – 5,860,300 rights – require relevant employees to remain employed by Vintage at 30 June 2024 and the Company reach a market capitalisation of $100 million reached prior to 30 June 2024.

 
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