Vintage Energy Ltd (ASX:VEN) provide the FY22 Q3 Quarterly Report featuring a Maiden Gas Sales Agreement, preparation for Vali well simulation and the spudding of the Cervantes-1 well.
Vintage Energy Ltd (ASX:VEN) announces that the Gas Sales Agreement between the ATP 2021 Joint Venture parties and AGL Wholesale Gas Limited is now unconditional following execution of a Vali Field Gas Processing Services Term Sheet by the JV with the South Australian Cooper Basin JV.
The agreement is for the sale of gas produced from the Vali field in Australia s Cooper basin from start-up, which is expected mid-2022, through to the end of 2026.
Oilex and Schlumberger have executed a Letter of Intent for the supply by Schlumberger of hydraulic fracturing services, coiled tubing and nitrogen services and perforation services for the planned re-frac of the Cambay C-77H well in July 2022. In addition, Oilex have negotiated a revised Gas Sales Agreement with Enertech Fuel Solutions for the sale of gas from the Cambay field.