VINTAGE ENERGY LTD overview

Melbourne, Australia (ABN Newswire) - Vintage Energy Ltd (ASX:VEN), 50% interest-holder and Operator of the ATP 2021 Joint Venture (other interest-holders: Metgasco Ltd, 25%; and Bridgeport (Cooper Basin) Pty Ltd, 25%) provides an update to the announcement of 10 April 2024 concerning the timing of Odin-2 following rainfall in the Cooper Basin. Site operations have commenced following the restoration of ground access with civil works on the road and lease builds underway. Following completion of...

Melbourne, Australia (ABN Newswire) - Vintage Energy Ltd (ASX:VEN) announces the signing of a farmout agreement under which Sabre Energy Pty Ltd ("Sabre") will acquire a 50% interest in the South Australian Cooper Basin exploration licence PEL 679, once granted. Vintage will retain a 50% interest in the licence following completion of the farmout. Sabre will fund 100% of a 150 km2 3D seismic survey and pay Vintage $200,000 as reimbursement of its share of costs incurred to the time the permit is...

Melbourne, Australia (ABN Newswire) - Vintage Energy Ltd (ASX:VEN) notes the Retail Entitlement Offer announced 25 March 2024 will close on Friday, 26 April 2024. Under the offer, eligible shareholders are being offered the opportunity to subscribe for 1 New Share for every 1.3 Existing Shares held at 7.00pm (AEDT) on 27 March 2024 at the Issue Price of $0.01 per share. Eligible shareholders who apply for their entitlement are also able to apply for additional shares available under a top-up...

Melbourne, Australia (ABN Newswire) - Vintage Energy Ltd (ASX:VEN), 50% interest holder and Operator of the ATP 2021 and PRL 211 Joint Ventures (other interest holders: Metgasco Ltd, 25%; and Bridgeport (Cooper Basin) Pty Ltd, 25%,) provides the following update on the timing of Odin appraisal following substantial rainfall in the Cooper Basin in April. The resultant flooding and road closures has prevented ground access, disrupting freight of equipment and site preparation. Current estimates...

Melbourne, Australia (ABN Newswire) - Vintage Energy Ltd (ASX:VEN) announces completion of the institutional component of its now fully underwritten $8.0 million capital raising announced Monday, 25 March 2024. The institutional component has raised a total of ~$2.17 million through a $1.3 million private placement ("Placement") and a ~$0.87 million fully underwritten accelerated non-renounceable entitlement offer, including director and management participation ("Institutional Entitlement...

Melbourne, Australia (ABN Newswire) - Vintage Energy Ltd (ASX:VEN) announces a $8.0 million capital raising to fund near term growth in its gas production and revenue generation from the Odin gas field. The capital raising comprises a $1.3 million institutional investor private placement and a $6.7 million accelerated non-renounceable entitlement offer ("ANREO") launched today. - $8.0 million capital raising - $1.3 million private placement - $6.7 million entitlement issue - Funds raised to fund...

Melbourne, Australia (ABN Newswire) - Vintage Energy Ltd (ASX:VEN) provide the quarterly activities report for the period ending December 2023. Highlights: - Sales revenue of $1.8 million, up 96% - Production of 0.16 PJ equivalent, up 60% - Cash and equivalents at 31 December of $3.9 million Managing Director's comment "The December quarter results highlight the uplift given by Odin-1 production. Production increased 60%, and revenue 96%, notwithstanding being offline for a significant part of...

Melbourne, Australia (ABN Newswire) - Vintage Energy Ltd (ASX:VEN) announce the FY24 Q1 Quarterly Report with Odin gas fields commencing production, and sales revenue up 58%. Main features - Odin gas field commences production - Sales revenue of $0.9 million, up 58% - Production of 0.1 PJ equivalent, up 25% - Additional gas contract for Odin, finalised after quarter's end Managing Director's comment "The outstanding feature of the past quarter was the start of appraisal production from Odin, our...