FY24 Q2 Quarterly Report
Melbourne, Jan 31, 2024 AEST (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 the quarter due to scheduled downstream maintenance. Odin-1 has performed steadily and strongly since coming online in September and reinforced our view of the significant potential of the field. Odin-1 is supplying into an attractive gas sales agreement and we are evaluating opportunities to better leverage the field's capabilities."
*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/YX8SH204
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.
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