VEN 11.1% 0.8¢ vintage energy ltd

I just wanted to add the following: Vali 1 flowed at 4.3 MMscfd...

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    I just wanted to add the following:

    Vali 1 flowed at 4.3 MMscfd through 36/64”choke at 942 psi (two day test). It had net pay of 80m (porosity cut-off 6%). Vali 2 and Odin 1 have much higher net pays which is expected to mean more gas and higher flow rates.

    Vali 2 (haven't been tested)
    150m of net pay

    24 metres of net gas pay in the Toolachee Formation, with an 8% porosity cut-off.
    117 metres of net gas pay in the Patchawarra Formation, with a 6% porosity cut-off.

    9 metres of net gas pay in the Tirrawarra Sandstone, with a 6% porosity cut-off.

    Odin 1 (haven't been tested)

    172.5 metres of net gas pay

    37 metres of net gas pay in the Toolachee Formation, with an 8% porosity cut-off

    4.5 metres of net gas pay in the Epsilon Formation, with an 8% porosity cut-off

    126 metres of net gas pay in the Patchawarra Formation, with a 6% porosity cut-off

    5 metres of net gas pay in the Tirrawarra Sandstone, with an 6% porosity cut-off

    Vali 3 (net pay haven't been announced)

    Near term news flow
    Vali 3 results next week or the week after the latest.
    Vali reserve upgrade in August
    Odin resource numbers in August

    Chart (hopefully, it will bounce and push above 7.4c)

    https://hotcopper.com.au/data/attachments/3396/3396446-98ee6262df92c2480b0afd40fda9cc34.jpg

 
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