Vintage Energy Ltd (ASX:VEN) is pleased to announce the results of the independent certification of contingent resources for the Odin Field in the Cooper Basin.
Vintage Energy Limited (ASX:VEN) Nangwarry Update
ASX:VEN) provides an update on the Nangwarry CO2 field in the onshore Otway Basin.
- Commercial flow rates and mid to high case volumes confirmed by production test
- Resource estimate revision underway
- PRL 249 (ex PEL 155): Retention licence granted over Nangwarry discovery
Nangwarry-1 was perforated across the Top Pretty Hill Formation and produced gas at higher than anticipated flow rates of 10.5-10.8 million standard cubic feet per day ( MMscfd ) through a 48/64 choke at a flowing wellhead pressure of 1,415 psi over a 36-hour period. This flow was measured through a 3 orifice plate and choked back to analyse the well over this extended flow period with stable conditions. The well is very productive, with this flow rate well in excess of previous commercial flow rates in the region.
Vintage Energy Ltd (ASX:VEN) is pleased to announce the appointment of leading independent finance advisory group, BurnVoir Corporate Finance Limited, as financial adviser.