Vintage Energy Ltd (
Recent surveys indicate heavy vehicle road access to the Odin and Vali well sites is expected to be restored by, or shortly before, the end of the current month. Vintage is engaging with contractors for mobilisation of heavy equipment to site in the opening days of September.
As previously advised, work to be conducted comprises three projects, each aimed at increasing gas production: completion and connection of the Odin-2 appraisal well, production optimisation at Odin-1; and activation of the sliding sleeve at Vali-2 to enable production from the Toolachee formation.
The work program is expected to be completed by mid-October, with the commencement of production from Odin-2 being the final element.
Odin-1 and Vali-1 have continued to perform steadily, averaging production rates of 1.4 MMscf/d and 1.1 MMscf/d respectively since 1 August 2024.
About Vintage Energy Ltd
Vintage Energy Ltd (ASX:VEN) has been established to acquire, explore and develop energy assets principally within, but not limited to, Australia, to take advantage of a generally favourable energy pricing outlook.
Contact
Neil GibbinsManaging Director
+61 8 7477 7680
info@vintageenergy.com.au
Don Murchland
Investor relations
+61 439 300 932
don.murchland@vintageenergy.com.au
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