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.
VEN Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
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