Page 2 - Patchawarra Formation News Today

Vintage Energy Ltd (ASX:VEN), 50% interest holder and Operator of ATP 2021 Joint Venture (JV) (other interest holders: Metgasco Ltd, 25%; and Bridgeport (Cooper Basin) Pty Ltd, 25%,) provides the following operations update on the Vali gas project.

Vintage Energy Ltds (ASX:VEN) Vali gas project has continued to advance through operations on site, the contracting of a rig for well completions and the sourcing of capital items required for construction, including pipe and plant materials.

Vintage Energy Ltd (ASX:VEN) as Operator and 50% interest holder in the Cooper Basin licence ATP 2021 (other interest holders: Metgasco Ltd (ASX:MEL) and Bridgeport Pty Ltd; 25% each) announces commencement of the fracture stimulation campaign at the Vali gas field at Vali-2 on Sunday 3 April.

Vintage Energy Ltd (ASX:VEN) is pleased to announce a conditional Heads of Agreement between the ATP 2021 Joint Venture parties and AGL Wholesale Gas Limited (AGL) for the sale of all gas produced from the Vali Field.

Vintage Energy has announced a conditional Heads of Agreement between the ATP 2021 Joint Venture parties and AGL Wholesale Gas for the sale of all gas produced from the Vali field from field start-up (mid-CY2022) through to the end of CY2026.

Vintage Energy Ltd (ASX:VEN) is pleased to announce a material upgrade to the independently evaluated reserves for the Vali Field in the Cooper Basin.

Vintage Energy has announced a material upgrade to the independently evaluated reserves for the Vali field in the Cooper Basin. The Company reports a three-fold upgrade of Vali field Gross 2P Gas Reserves from the original independent evaluation.

Vintage Energy has announced that flow testing operations on the Odin-1 well in the Cooper Basin have commenced. The flow testing of the Epsilon and Toolachee formations in Odin-1 will assess gas deliverability from these key formations and provide reservoir fluid samples to assist with the design of well and production facilities.

Vintage Energy Ltd (ASX:VEN) is pleased to announce that flow testing operations on the Odin-1 well in the Cooper Basin have commenced.

Vintage Energy Ltd (ASX:VEN) had a busy year operationally with a total of three wells drilled, one fracture stimulated and two flow tested. All of these activities were undertaken in a successful manner without any safety incidents.