Vintage Energy Ltd (ASX:VEN)
A$ 0.006 -0.0005 (-7.69%) Market Cap: 10.02 Mil Enterprise Value: 10.84 Mil PE Ratio: 0 PB Ratio: 0.33 GF Score: 0/100

Vintage Energy Ltd at Vertical Events RIU Good Oil & Gas Energy Transcript

Sep 06, 2022 - Sep 07, 2022 / NTS GMT
Release Date Price: A$0.067388 (+3.80%)
Michael Dodd
Vintage Energy Limited - Operations Executive

Okay. Thanks for having me. I'm going to continue Matthew's theme of transformation actually. So firstly, just go through the disclaimer.

I might start with a little potted history we've been presenting at Good Oil since 2018 when we IPO'd. And since then, the Vintage team has been focused on delivering operations in the field and delivering them safely. Since the IPO, we've just moved step by step closer to being a producing company. And we're on the verge of that now.

So in 2019, we drilled our first exploration well, operated exploration well, which was a discovery at the Vali field. 2020, we fracture stimulated and tested that well. 2021, we drilled two more appraisal wells on that field and another exploration well at Odin, which was a success.

And then this year, we fracture stimulated Vali-2, Vali-3. We've completed all three Vali wells plus the Odin well. And we're now into an infrastructure project to connect that Vali gas to market.

So three key features that all that work puts us in an

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