MELBOURNE: Vintage Energy Ltd. (ASX: VEN) has signed agreements to sell its entire 25% interest in PEP 171, an onshore exploration permit in Victoria’s Otway Basin, to Beach Energy Ltd. (ASX: BPT) for $1.25 million. The sale, announced Thursday, is contingent on regulatory approvals and the waiver of pre-emptive rights by joint venture partner Amplitude…
SYDNEY: Vintage Energy Ltd (ASX: VEN) and Galilee Energy Limited (ASX: GLL) have entered into a binding Heads of Agreement (HoA) under which Vintage will acquire all of the fully paid ordinary shares in Galilee by way of a scheme of arrangement. The proposal will create a merged group better resourced to generate value from…
SYDNEY, AUSTRALIA: Vintage Energy Ltd (ASX: VEN) notified that Cervantes-1, an oil exploration well in the onshore Perth Basin licence L14 is to be plugged and abandoned after reaching Total Depth overnight and failing to encounter hydrocarbons. Stratigraphic correlation during drilling proved more difficult than anticipated, however intersection of the Holmwood Shale overnight confirmed the…
SYDNEY, AUSTRALIA: Vintage Energy Ltd (ASX: VEN), 50% interest holder and Operator of ATP 2021 (other interest holders: Metgasco Ltd, 25%; and Bridgeport (Cooper Basin) Pty Ltd, 25%) announces the signing of a Gas Sales Agreement (GSA) by the ATP 2021 Joint Venture parties (JV) and AGL Wholesale Gas Limited (AGL) for the sale of…
PERTH: Vintage Energy Ltd announced that a non-binding Memorandum of Understanding (MOU) has been signed with Supagas Pty Ltd, an Australian based distributor of gases for domestic, industrial, medical and other applications. In return, the joint venture, Vintage Energy, will give Supagas the opportunity to submit a formal proposal to develop and/or purchase gas from…