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Vintage Energy Ltd (ASX:VEN) Nangwarry Field Update
Nangwarry Field UpdateMelbourne, July 12, 2021 AEST (ABN Newswire) - Vintage Energy Ltd (
ASX:VEN) is pleased to provide an update on the resource estimate of the on-block recoverable carbon dioxide ( CO2 ) sales gas from the Nangwarry Field in the onshore Otway Basin.
- Independent resource estimate confirms sizeable CO2 sales gas resource
- Gross recoverable CO2 best case of 25.9 Bcf (12.9 Bcf net)
- Production test confirmed raw gas flow rates well in excess of commercial requirements
- Joint Venture appoints Vintage as marketing agent to commercialise Nangwarry Field
A revision of the Nangwarry Field recoverable estimates has been conducted by ERC Equipoise Pte Ltd ( ERCE ) following the successful production test of the Nangwarry-1 well.
AustraliaMelbourneVictoriaNangwarrySouth-australiaDepartment-of-energyBurnvoir-corporate-financeEquipoise-pte-ltdEnergy-ltdNangwarry-fieldPte-ltdVintage Energy Ltd (ASX:VEN) Quarterly Activity - Cashflow Report
Quarterly Activity - Cashflow ReportMelbourne, Jan 29, 2021 AEST (ABN Newswire) - FEED for the Vali-1 ST1 connection to the Beckler Field (which is connected to the Dullingari facilities and ultimately Moomba) was awarded to GPA Engineering. The main objective of the now completed FEED phase was to complete the necessary engineering to identify long lead items and refine the cost estimate for a final investment decision, which will then initiate the procurement stage.
To maximise value from the Vali gas field, through increased production and resultant cash flow, further wells are planned. To this end, potential locations for further drilling in the field have been identified and are under discussion within the joint venture, with rig scouting for these wells underway. The development concept for the Vali gas field (refer ASX release dated 17 September 2020) identified that up to nine fracture stimulated ve
MoombaQueenslandAustraliaMelbourneVictoriaNappamerriNappamerri-groupEquipoise-pte-ltdEnergy-ltdQuarterly-activityBeckler-field