Vintage Energy Ltd , 50% interest-holder and Operator of the ATP 2021 Joint Venture Pty Ltd, 25%) advises the Odin-2 appraisal well is to be cased and suspended as a future gas producer. The well,.
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.
Vintage Energy Ltd (ASX:VEN) Vali Field Reserves
ASX:VEN) as operator of the ATP 2021 joint venture (Vintage 50%, Metgasco Ltd (
ASX:MEL) 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) is pleased to advise that ERC Equipoise Pte Ltd ( ERCE ) recently completed a rigorous and independent review of the Vali gas discovery and subsequent flow results, and certified 1P, 2P and 3P reserves for the Patchawarra Formation within the Vali gas field.
Key Points:
- Strong conversion of 2C Contingent Resources to 2P Reserves
- Potential for future resource bookings in Tirrawarra, Toolachee and Nappamerri
- Tie-in discussions for Vali Field to Moomba gathering system well advanced