Vali-3 UpdateMelbourne, July 6, 2021 AEST (ABN Newswire) - Vintage Energy Ltd (
ASX:VEN) is pleased to provide an update on the Vali-3 well and the Vali Field in the Cooper Basin.
Cooper Basin - ATP 2021 (Vintage 50% and operator, Metgasco Ltd (
ASX:MEL) 25%, Bridgeport Cooper Basin Pty Ltd 25%)
- 100% exploration/appraisal success from three well drilling campaign in Cooper Basin
- Vali-3 wireline logging completed confirming gas pay
- Vali-3 cased for future production along with Vali-1 ST1, Vali-2 and Odin-1
As previously advised, the Vali-3 well reached total depth at 3,186 metres on Monday, 28 June 2021 without any safety incidents. The SLR184 rig, used to drill the three successful wells from this recently completed Cooper Basin campaign, was released at 7:00pm last night. The Joint Venture would like to thank all contractors involved with the drilling, casing and assessment of the Vali-2, Vali-3 and Odin-1 (PRL 211) wells. The work undertaken in this campaign was industry best practice and completed in a safe and timely manner.