VEN vintage energy ltd
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Ann: Restructure and gas field operations, page-3

  1. Gharp
    5,710 Posts.
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    17/12/24
    10:17
    Post #: 77081677
    Probably had to be done to not break their financing covenant they must be down to around 2.5 million cash now. Have no cash at all for new drilling

    Security: first ranking security over Vintage assets, where joint venture arrangements permit. Financial
    covenants include: requiring a minimum of $1.5 million cash in the bank
    VEN Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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