Vintage Energy Ltd (ASX:VEN) Nangwarry-1 Production Test Update
Nangwarry-1 Production Test UpdateMelbourne, April 7, 2021 AEST (ABN Newswire) - Vintage Energy Ltd ( ASX:VEN) is pleased to provide an update on production testing activities for Nangwarry-1 in the onshore Otway Basin. - Continued strong CO2 gas flow from Top Pretty Hill Formation - Measured flow rates well in excess of those required for production purposes - Downhole gauges gathering pressure data over coming weeks Neil Gibbins, Vintage Managing Director, said "The production test of Nangwarry-1 continues to exceed expectations, with choked back flow rates of approximately 11 million standard cubic feet per day ("MMscfd") observed during an extended flow period at a relatively stable wellhead pressure of 1,415 psi. The well also delivered rates as high as 22 MMscfd (from choke calculations) over shorter periods.