Vintage Energy Ltd (ASX:VEN) Odin-1 Operations Update
Odin-1 Operations UpdateMelbourne, May 27, 2021 AEST (ABN Newswire) - Vintage Energy Ltd (
ASX:VEN) is pleased to provide an update on the Odin-1 exploration well in the Cooper Basin.
Cooper Basin - PRL 211 (Vintage 42.5% and operator, Metgasco Ltd (
ASX:MEL) 21.25%, Bridgeport (Cooper Basin) Pty Ltd 21.25%, Impress (Cooper Basin) Pty Ltd 15%)
The Odin-1 exploration well reached total depth at 3,140 metres at 8:20pm on Wednesday, 26 May 2021. Extensive gas shows were encountered in sandstones through the primary target Toolachee and Patchawarra formations, as well as a basal sand in the Epsilon Formation.
Operations are now focused on conditioning the hole prior to running the wireline evaluation program to further investigate the gas shows. Results from this wireline evaluation will be communicated to the market once complete.
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Vintage Energy Ltd (ASX:VEN) Vali-2 Successful and Cased for Future Production
Vali-2 Successful and Cased for Future ProductionMelbourne, May 12, 2021 AEST (ABN Newswire) - Vintage Energy Ltd (
ASX:VEN) is pleased to provide an update on the Vali-2 appraisal well and the Odin-1 exploration well in the Cooper Basin.
Neil Gibbins, Vintage Managing Director, said The Vali-2 well has more than met our expectations and highlights the multi-well field development potential at Vali. The identification and recovery of a gas sample from the Toolachee Formation indicates the conventional upside we were hoping for and we anticipate a corresponding reserve booking for the formation and an increase in the overall Vali Field reserves. Along with confirmation of the significant Patchawarra Formation potential, this is an excellent result for the Joint Venture. Vali-2 was drilled expeditiously and safely, and I would personally like to thank all involved in the drilling, casing and su
The ACCC has granted interim authorisation for Vintage Energy Ltd (ASX: VEN), Metgasco Ltd (ASX: MEL) and Bridgeport (Cooper Basin) Pty Ltd to enter into.