There is an article on Small Caps published a couple of days...

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    There is an article on Small Caps published a couple of days ago.

    Vintage Energy fully funded to take Vali gas field to production (**promotion blocked**.com.au)
    This is a section of it.

    Vintage said funds raised by the placement and share purchase plan will predominantly be used to fund exploration and appraisal activities including completing and tying in the Odin-1 gas well to the Moomba gas gathering network, 3D seismic and the drilling of two wells in Queensland permit ATP 2021 in the Cooper Basin, drilling of the Cervantes oil prospect in Western Australia’s Perth Basin, and marketing and engineering studies related to the Nangwarry field in South Australia’s Otway Basin.

    Mr Gibbins said the December quarter results “put the stepping stones in place for Vintage to transition from an exploration company to an exploration and production company supplying gas to the eastern Australian energy market”.

    “It means we are set for a busy and exciting half year to June, as we finalise the gas sales agreement with AGL, do the work to take Vali to production, and subject to approvals, commence drilling at Cervantes,” he said.

    Last edited by ggwill: 03/02/22
 
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