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Vintage Energy Ltd (ASX:VEN)

ALERT: Price-sensitive ASX Announcement for VEN
Current share price for VEN : $0.002 -0.003 (-60%)+
Announcement
Release
17 Oct 2025 9:42AM
Price at Release
$0.005
Full Release
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Summary
Vintage Energy Ltd has reported interim results for the second phase of its Production Uplift Program, focusing on the Toolachee Formation in the Vali gas field. The program aims to enhance gas production, building on the existing output from the Patchawarra Formation at Vali-1. Results show promising gas flow from Vali-2 and preparations for further operations at Vali-3. Current production from the Southern Flank gas fields is stable, and the program remains within budget.
Key Points
  • Vintage Energy Ltd announced the second phase interim results of the Production Uplift Program.
  • The operation focuses on initiating production from the Toolachee Formation in the Vali gas field.
  • Vali-1 has been producing gas since February 2023 from the Patchawarra Formation.
  • Vali-2 has started showing gas flow after isolation from the Patchawarra Formation.
  • Vali-3 is preparing to resume dewatering operations with a nitrogen lift of fluid.
  • Production from the Southern Flank gas fields totals 2.4 MMscf/d, with Odin contributing 1.9 MMscf/d.
  • Forecasted costs for the program remain within budget.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.