SXY senex energy limited
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Nov 22 (Reuters) - Vintage Energy Ltd (VEN) : EXECUTES TERM...

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    22/11/19
    12:25
    Post #: 41577049

    Nov 22 (Reuters) - Vintage Energy Ltd (VEN) :

    • EXECUTES TERM SHEET WITH 90 DAY EXCLUSIVITY PERIOD TO NEGOTIATE BINDING FARM-IN AGREEMENT FOR PRL 211 IN COOPER/EROMANGA BASINS
    • UNDER PROPOSED JV, CO TO BECOME OPERATOR WITH 42.5%, BRIDGEPORT TO HAVE 21.25%, METGASCO 21.25% & UNIT OF SENEX ENERGY 15%
    • UNDER TERMS OF FARM-IN, CO, BRIDGEPORT & METGASCO WILL DRILL A WELL INTO ODIN STRUCTURE WITH CO PAYING 50% OF ESTIMATED COST OF WELL
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