Vintage Energy Ltd (ASX:VEN) Operations Update
Operations UpdateMelbourne, April 20, 2021 AEST (ABN Newswire) - Vintage Energy Ltd (
ASX:VEN) is pleased to provide an update on activities relating to Nangwarry-1 in the onshore Otway Basin and the Vali gas field and Odin prospect in the Cooper Basin.
Otway Basin - PEL 155 (Vintage 50%, Otway Energy Pty Ltd 50% and operator)
Downhole gauges were set at 2,919 metres to record pressure data that will provide an updated volumetric estimate of the Nangwarry reservoir. These gauges are expected to be recovered this week, with data from the gauges to be analysed over the coming weeks. The current gross recoverable estimates for Nangwarry-1 carbon dioxide ( CO2 ) are: Low of 7.8 Bcf (3.9 Bcf net), Best of 25.1 Bcf (12.6 Bcf net), High of 82.1 Bcf (41.1 Bcf net) (refer ASX release dated 31 August 2020).